Mutiara to evaluate new gas find, off Malaysia

Offshore staff

(Asia-Pacific) - Malaysia's CS Mutiara Petroleum Sdn Bhd says it is evaluating a gas discovery to determine the size of reserves in PM302 block, off the north-east coast of Peninsular Malaysia.

Mutiara, a 50:50 joint venture between Malaysian upstream company Petronas Carigali Sdn Bhd and Shell E&P BV, announced on April 4 the Bunga Dahlia Channel exploration well discovery based on multiple gas zones being hit on reaching 2,260 m depth.

It was spudded on February 18 in water depth of 67 m.

Mutiara says the well is its sixth consecutive success. It had earlier reported Bunga Kamelia, Bunga Zetung, Bunga Anggerik, Bumi South, and Bunga Kesumba gas discoveries in the adjoining PM301 block.

Mutiara was formed in July 2001 to operate blocks PM301 and PM302.

04/04/06

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