Malaysia's Petronas makes oil discovery at Hidayah-1 exploration well in Indonesia

Reuters

24/02/2021

10:06 MYT

Malaysia's Petronas makes oil discovery at Hidayah-1 exploration well in Indonesia

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.