KUALA LUMPUR (Nov 15): Petroliam Nasional Bhd’s exploration and production arm Petronas Carigali Sdn. Bhd. has made a significant oil discovery offshore Sabah.
In a statement Tuesday, Nov 15, Petronas said the discovery was made via the Wakid-1 well within Block 2G-2J, about 100km northwest of Kota Kinabalu.
Petronas said preliminary estimates placed reserves at the discovery at 227 million barrels of oil equivalent, with expected upside potential.
