news
From the Field

Santos reports finding oil offshore Malaysia
KUALA LUMPUR, March 25, 2015 – Australian oil and gas company Santos, along with Japanese and Malaysian partners, discovered oil via an exploration well dubbed Bestari-1. Drilling revealed 67 metres of oil located at depths of 1,860 to 2,702 metres below the sea. Santos reports that oil drawn from the exploration well has a light quality and contains few contaminants.
“While there is still a lot of work to be done in determining recoverable volumes, this is a large structural closure potentially capable of supporting significant column heights,” The Sydney Morning Herald reported Santos vice president John Anderson as saying.
The development, located in block R offshore East Malaysia, is a partnership between Japanese petroleum company JX Nippon (operator), Malaysian national oil company Petronas, Japanese exploration company Inpex and Santos.
Block R is situated in a region of previously discovered large oilfields, such as the Kikeh field run by US oil and gas firm Murphy Oil and Shell’s Gumusut-Kakap field.
Nigeria to boost condensate output under OPEC+ cuts
From the fieldOil mixed, as Covid-19 outweighs strong Chinese imports
From the fieldRising Covid-19 cases stoke fuel demand fears
From the field
Latest news and features
Most popular
An environment for innovation
INTERVIEWAngola unveils 2021 bid round dates
From the fieldTraction in gas monetisation
INTERVIEW