Petronas discover deepwater oil and gas offshore Gabon

“The discovery in Gabon is an encouraging development for PETRONAS, as we continue to pursue growth activities beyond Malaysia, in line with the strategy to expand our core oil and gas business by growing our resource base,” said PETRONAS Executive Vice President & Upstream CEO, Datuk Mohd Anuar Taib.

“Aside from boosting Gabon’s oil and gas industry, this discovery will also spur further growth activities in the region, and complements our achievements towards building a significant deepwater portfolio globally,”
he added. PETRONAS, together with the Ministry of Petroleum & Hydrocarbons, Gabon, will conduct an assessment to further determine the commerciality of the resource volume. PCGUSA is the operator for Block F14 (Likuale), with Australia’s Woodside holding a 30 per cent participating interest. To-date, PETRONAS’ deepwater portfolio includes partnerships in the Gumusut-Kakap, Malikai and Kikeh deepwater fields located offshore Sabah. Additionally, there are two new upcoming deepwater development projects in the portfolio – the Limbayong field in Sabah and the Kelidang Cluster in Brunei. PETRONAS’ global upstream reach continues to expand to Mexico with the winning of six deepwater blocks in bidding round 2.4, positioning PETRONAS as the second largest gross acreage holder in offshore Mexico with a total of nine blocks. Source / Further information : PETRONAS Further strengthening the company’s presence in West Africa, PETRONAS has recently signed a farm-out agreement (FOA) with Australia’ FAR Ltd for a 40 percent interest in the offshore petroleum licenses of Blocks A2 and A5 located offshore Gambia. oilandgasOil and Gas News Undiluted !!! “The squeaky wheel gets the oil” Please email us your industry related news for publication info@OilAndGasPress.com Follow us: @OilAndGasPress on Twitter | OilAndGasPress on Facebook ]]>

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