Malaysia's Petronas makes oil discovery at Hidayah-1 exploration well in Indonesia
Reuters
February 24, 2021 18:06 MYT
February 24, 2021 18:06 MYT
Petronas logos are pictured at a fuel station in Kuala Lumpur, Malaysia September 4, 2020. REUTERS pic
Malaysia state oil firm Petroliam Nasional Berhad, or Petronas, on Wednesday said has made an oil discovery at the Hidayah-1 exploration well in Indonesia through its subsidiary PC North Madura II Ltd.
The well, located within the North Madura II Production Sharing Contract (PSC) offshore East Java, encountered an oil-bearing carbonate build-up with good reservoir qualities in the Ngimbang carbonate formation, Petronas said.