YahooNews: Shell, Petronas Drill Malaysia’s Deepest Oil, Gas Well
Friday August 20, 10:18 AM
SINGAPORE (Dow Jones)–Shell Malaysia and Petronas Carigali Sdn. Bhd. Friday said they have successfully drilled the deepest oil exploratory-appraisal well in Malaysia, and that they hope to start production from it by end-August.
Shell Malaysia said in a statement that the 6,339-metre-deep well, located at Angsi oil and gas field 250 kilometers offshore Sarawak, East Malaysia, was penetrated to a reservoir that is believed to contain 4.5 million barrels of oil.
The site is a production sharing venture operated by Shell Malaysia, a unit of Royal Dutch/Shell Group (RD), which holds a 70% interest. Petronas holds the remaining 30%.