State-backed Petronas is starting 2013 on a high note, with new oil and gas discoveries made onshore Sarawak.
The company confirmed in a statement emailed to Rigzone Friday, stating that it has found oil and gas in the Adong Kecil West-1 well in the onshore block SK333.
JX Nippon, the operator of SK333, is at present conducting technical assessments to determine the resource volume of the field.
Based on the drilling results, there are also indications that the deeper sections of in the onshore area could hold additional upside potential for hydrocarbon accumulation. Drilling operations are however more challenging for the deeper reservoirs and rigs with higher specifications will be required to test such intervals.
To-date, three discoveries have been found onshore Sarawak: the Miri, Asam Paya and Adong Kecil West fields.
"These discoveries prove that onshore Sarawak has the potential for more oil and gas accumulations where the Miri field, Malaysia's first oil field, was discovered way back in 1910," Petronas said in a statement.
Petronas is this year placing a renewed emphasis on maximizing domestic oil reserves, particularly in Sarawak, after years of international expansion. The company announced in November last year that it made two major offshore gas discoveries in Sarawak, which combined could hold over 4 trillion cubic feet of natural gas reserves.
