KUALA LUMPUR: Sapura Energy Bhd’s subsidiary Sapura Exploration and Production (Sarawak) Inc (Sapura E&P), together with its partners Sarawak Shell Bhd and Petronas Carigali Sdn Bhd, has discovered its ninth gas exploration well in offshore Bintulu, Sarawak.
The discovery followed the completion of its 2017 drilling campaign within the SK408 Production Sharing Contract (PSC).
In an exchange filing today, the Pepulut-1 exploration well was drilled and encountered high quality reservoir, which is located in Block SK408.
“This successful gas discovery is attributed to the strength and capabilities of our exploration, subsurface and drilling teams whose combined expertise has resulted in a number of significant discoveries.
“This series of successful results is founded on our work in understanding the geologic fundamentals of the region” said its president & group chief executive officer Tan Sri Shahril Shamsuddin.
The Pepulut-1 gas discovery is a continuation of Sapura E&P’s exploration successes in the highly prolific area of SK408.
“In line with our strategy to unlock the value of our gas fields and enhance long-term earnings visibility of our E&P business, we will focus on realising the full potential of our highly prospective gas fields in SK408 and strengthening our E&P portfolio,” added Shahril.
The Pepulut-1 discovery is another significant milestone for Sapura Energy following the recent announcement of its development plans for Gorek, Larak and Bakong fields as phase 1 in the SK408 PSC.
Sapura E&P is the exploration operator with its partners Petronas Carigali and Sarawak Shell Bhd.