KUALA LUMPUR: Petronas reported today that it has made an oil discovery at the Hidayah-1 exploration well in Indonesia through its subsidiary PC North Madura II Ltd.
“The well encountered an oil-bearing carbonate build-up with good reservoir qualities in the Ngimbang carbonate formation and tested at approximately 2,100 BOPD (barrels of oil per day) with good crude quality,” Petronas said in a statement.
It said results from the Hidayah-1 exploration well, located within the North Madura II Production Sharing Contract (PSC) offshore East Java, will be further assessed to ascertain its potential.
“The discovery at the Hidayah-1 exploration well marks an important milestone for the North Madura II PSC as it has proven oil potential of carbonate build-up in the area,” said Emeliana Rice-Oxley, Petronas vice-president of Exploration, Upstream.