Solution for SPM Add Math Project 2011 - Work 2 is available at forum.myhometuition.com now.
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Malaysia's Petronas finds new energy fields offshore Sarawak
Reuters - Monday, February 14, 2011
KUALA LUMPUR, Feb 14 - Malaysia's state oil firm Petronas said on Monday it has discovered new oil and gas fields through the drilling of NC3 and Spaoh-1 wells in Blocks SK316 and SK306 in offshore Sarawak state.
It said drilling of the NC3 wildcat well and a subsequent appraisal well brought significant discovery in Block SK316 with early estimation of 2.6 trillion standard cubic feet of net gas in place.
The Spaoh-1 well of 3,000 meters drilling depth, located in Block SK306 was drilled in December 2010 and an early evaluation showed around 100 million barrels of oil and 0.2 trillion standard cubic feet of gas in place, respectively, it said.
"In the next three years, over 50 exploration wells1 are expected to be drilled offshore Malaysia by Petronas and its production sharing contractors," Petronas said.
"These activities. especially if they result in discoveries, are expected to spur business opportunities in the oil and gas industry and will promote upstream investment in the country."