KUALA LUMPUR (Feb 24): Petroliam Nasional Bhd (Petronas) said its subsidiary PC North Madura II Ltd has made an oil discovery at the Hidayah-1 exploration well, located within the North Madura II Production Sharing Contract (PSC), offshore East Java, Indonesia.

PC North Madura II Ltd is the operator with 100% participating interest in the North Madura II PSC. 

In a statement today, Petronas said the Hidayah-1 exploration well was spudded on Jan 7, 2021 and safely drilled to a depth of 2,739 metres.

The well encountered an oil-bearing carbonate build-up with good reservoir qualities in the Ngimbang carbonate formation and tested at approximately 2,100 barrels of oil per day (BOPD) with good crude quality. It said the Hidayah-1 exploration well results will be further assessed to ascertain its potential. 

“The discovery at the Hidayah-1 exploration well marks an important milestone for the North Madura II PSC as it has proven oil potential of carbonate build-up in the area. This is an encouraging development and is a testament to the vast exploration potential in Indonesia. We look forward to strengthening our relationship and collaboration with the government towards delivering clean, safe and reliable energy supply to the Republic of Indonesia,” said Petronas vice president of exploration, upstream, Emeliana Rice-Oxley.

PC North Madura II president Mohd Nazlee Rasol said: “We are thankful for the strong support given by SKK Migas and the local government of Kabupaten Sampang in making the drilling of Hidayah-1 exploration well a success. This discovery is proof of Petronas' commitment to continue growing our upstream business in the country.”  

Petronas is also the operator for the Bukit Tua oil and gas field offshore East Java and is a joint venture partner in six other PSCs located both onshore and offshore Sumatera, Natuna Sea, East Java as well as Kalimantan.