PETRONAS makes oil discovery in North Madura II PSC, Indonesia
PETRONAS via its subsidiary North Madura II has made an oil discovery at the Hidayah-1 exploration well within the North Madura II Production Sharing Contract (PSC) off the coast of East Java in Indonesia.
North Madura II is the operator with a 100% participating stake in the North Madura II PSC.
Spudded on 7 January 2021, the Hidayah-1 exploration well was drilled to a depth of 2,739 metres. The exploratory well intersected an oil-bearing carbonate build-up having good reservoir qualities in the Ngimbang carbonate formation, said PETRONAS.
The Hidayah-1 well tested at nearly 2,100 BOPD with good crude quality.
PETRONAS said that the results of the Hidayah-1 exploration well will be assessed further to determine its potential.
PETRONAS makes oil discovery in North Madura II PSC, Indonesia. Photo courtesy of KuyaAndy from Pixabay.
Emeliana Rice-Oxley – PETRONAS Vice President of Exploration, Upstream, said: “The discovery at the Hidayah-1 exploration well marks an important milestone for the North Madura II PSC as it has proven oil potential of carbonate build-up in the area. This is an encouraging development and is a testament to the vast exploration potential in Indonesia.
“We look forward to strengthening our relationship and collaboration with the government towards delivering clean, safe and reliable energy supply to the Republic of Indonesia.”
The Malaysian oil and gas company also has an operating stake in the Bukit Tua oil and gas field off the coast of East Java. PETRONAS is a joint venture partner in half a dozen other PSCs located both onshore and offshore Sumatera, Natuna Sea, East Java, and also in Kalimantan.