Rich oil deposits discovered in Sarawak

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 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.