Rich oil deposits discovered in Sarawak

Rich oil deposits discovered in SarawakMuch to the joy of the Sarawak government, an onshore oil and gas discovery has been made in the state by oil firm Petronas after drilling a test well about 20 kilometers away from the city of Miri in northern Sarawak.

The well was found to have a net hydrocarbon thickness of 349 meters. It had flow rates of 440 barrels of crude oil per day and 11.5 million standard cubic feet of gas per day, Petronas said in a statement on January 17. The find is the first onshore oil discovery in Malaysia in 24 years.

“These discoveries prove that onshore Sarawak has the potential for more oil and gas accumulations,” the statement said.

“This inland discovery is very exciting in that it will open up another frontier for oil and gas exploration on our shores,” Malaysia’s energy minister Peter Chin said.

“It augurs well for future social and economic growth of Miri, of Sarawak and also of the country because of the potential revenue that will come into the national coffers,” he added.

Sarawak Assistant State Minister for Com­munications Datuk Lee Kim Shin said the discovery would spur another socio-economic boom for the northern hub of Miri and Sarawak as a whole.



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Much to the joy of the Sarawak government, an onshore oil and gas discovery has been made in the state by oil firm Petronas after drilling a test well about 20 kilometers away from the city of Miri in northern Sarawak. The well was found to have a net hydrocarbon thickness of 349 meters. It had flow rates of 440 barrels of crude oil per day and 11.5 million standard cubic feet of gas per day, Petronas said in a statement on January 17. The find is the first onshore oil discovery in Malaysia in 24 years. "These discoveries prove...

Rich oil deposits discovered in SarawakMuch to the joy of the Sarawak government, an onshore oil and gas discovery has been made in the state by oil firm Petronas after drilling a test well about 20 kilometers away from the city of Miri in northern Sarawak.

The well was found to have a net hydrocarbon thickness of 349 meters. It had flow rates of 440 barrels of crude oil per day and 11.5 million standard cubic feet of gas per day, Petronas said in a statement on January 17. The find is the first onshore oil discovery in Malaysia in 24 years.

“These discoveries prove that onshore Sarawak has the potential for more oil and gas accumulations,” the statement said.

“This inland discovery is very exciting in that it will open up another frontier for oil and gas exploration on our shores,” Malaysia’s energy minister Peter Chin said.

“It augurs well for future social and economic growth of Miri, of Sarawak and also of the country because of the potential revenue that will come into the national coffers,” he added.

Sarawak Assistant State Minister for Com­munications Datuk Lee Kim Shin said the discovery would spur another socio-economic boom for the northern hub of Miri and Sarawak as a whole.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
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Donation Total: $10.00

 

 

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