The Kuwait Foreign Petroleum Exploration Company, KUFPEC, announced today, Wednesday, that its subsidiary KUFPEC Malaysia has achieved the largest gas exploration achievement in the company's history.
KUFPEC told KUNA that the discovery was confirmed by the second appraisal well (Lang Lebah-1RDR2) in the production sharing contract in the SK-410B sector in Malaysia. / p>
and indicated that it started drilling the second well after the positive results achieved by the first evaluation well (Lang Lebah-1RDR2) in 2019 in the sector (SK-410B), which is about 90 km off the coast of Serawak in Malaysia.
KUFPEC stated that it owns a working interest of 42.5% of the sector in partnership with Petronas Chargali, which owns 15%, and the operator (PTTE). BHKO Ltd, which owns 42.5%.
She added that after completing the drilling of the second evaluation well with a depth of 4,320 meters, it was found that the density of the gas-producing formations was more than 600 meters and the results of the test of the well potential yielded a stable production rate. 50 million cubic feet per day.
and stated that the results confirmed the existence of abundant quantities of gas, estimated at more than double the initial estimates for 2019, which will require accelerating the project development plan.
and the statement quoted Acting CEO of KUFPEC, Sheikh Nawaf Saud Al-Nasser Al-Sabah, as saying that this successful gas discovery is estimated on a global level and comes as a result of our tireless efforts to maximize the value of the oil sector Kuwait and the consolidation of KUFPEC's role in it by exploring hydrocarbons in rich production basins.
Sheikh Nawwaf Al-Sabah added that KUFPEC played an influential and active role in this huge discovery, expressing his pride and pride in the company's employees.
It is reported that KUFPEC is a subsidiary of the Kuwait Petroleum Corporation and works in the field of exploration, development and production of crude oil and natural gas outside the State of Kuwait.
