Thursday 28 Mar 2024
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KUALA LUMPUR (July 24): Hibiscus Petroleum Bhd has achieved first oil in the North Sabah Production Sharing Contract (North Sabah PSC).

In a statement today it said its wholly-owned unit SEA Hibiscus Sdn Bhd successfully drilled and completed the SJ-105A well on July 16. It is the first of three infill wells being drilled as part of the St Joseph infill drilling project in Malaysia, which is part of the 2011 North Sabah Enhanced Oil Recovery PSC.

“The SJ-105A wellbore was drilled as a horizontal well consisting of approximately 2,400 feet of horizontal section which encountered approximately 1,000 feet of oil in the targeted reservoirs of the St Joseph oil field. The SJ-105A well was subsequently brought online and achieved a stabilised  production flowrate of slightly above 1,000 barrels of oil per  day, with 0% watercut, exceeding  expectations.”

SEA Hibiscus assumed operatorship of the North Sabah PSC on March 31, 2018, as a 50% joint venture working interest partner with Petronas Carigali Sdn Bhd. The North Sabah PSC consists  of  St Joseph, South Furious, SF30 and Barton — four fields located  offshore Sabah, which collectively produce to the Labuan Crude Oil Terminal.

The St Joseph infill drilling project is a production enhancement project which, together with the South Furious 30  (SF30) infill drilling project and SF30 early water injection  project, is part of a seven-well campaign being executed under  the North Sabah PSC in 2019.

Two more oil production wells are currently being drilled at St Joseph oil field, which will be followed by three new oil production wells and one water injection well in the SF30 oil field.

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