RIYADH: Abu Dhabi-based Mubadala Energy has announced it has made a discovery of a new gas reservoir off the coast of Sarawak province, offshore Malaysia.
The oil and gas unit of Mubadala Investment Co. said its early analysis suggests a significant gas column of over 110 meters within the pinnacle carbonate reef reservoir, the Emirates News Agency reported.
The find came about thanks to penetration by the Cengkih-1 exploration well.
“This discovery further cements our position in Malaysia as a reliable and trusted operator with deep technical capabilities,” CEO, Mansoor Mohamed Al-Hamed, said.
He added: “Gas demand in south-east Asia continues to grow and we look forward to helping meet those energy needs, in line with our strategy to play an active role in the energy transition.”
Located near the Pegaga field, the Cengkih-1 exploration well is one of the fields within the SK320 Block, which recently produced commercial gas.
The Pegaga field recorded the discovery of 1 trillion cubic feet of additional gas, following the post-drill results, confirming a larger and better quality reservoir.
Since Mubadala Energy’s entry into Malaysia in 2010, it has made six gas discoveries with a success ratio of 75 percent.
