PTTEP makes another gas discovery in Malaysia

PTTEP announces another gas discovery in Malaysia from the exploration well, Paprika-1, in Block SK410B. The discovery provides PTTEP with a further development opportunity in Northern Sarawak and supports the company’s long-term growth.

Mr. Montri Rawanchaikul, Chief Executive Officer of PTT Exploration and Production Public Company Limited (PTTEP), disclosed that PTTEP’s subsidiary PTTEP HK Offshore Limited (PTTEP HKO) commenced the drilling of Paprika -1 wildcat well in Block SK410B in July 2022. The well was drilled to a total depth of 3,348 meters and encountered gas pay in clastic reservoirs. PTTEP and partners – KUFPEC and PETRONAS Carigali Sdn Bhd, previously made a major gas discovery at the Lang Lebah structure within the same block.

“Paprika-1 is PTTEP’s first exploration well in Malaysia this year and is successfully completed with a sweet gas discovery which enables the company to move toward further assessment for the development of the field. This discovery presents an important opportunity for PTTEP to strategically establish the Northern Sarawak Clastic Hub. The success also highlights the strong

partnership of all joint venture partners and the expertise in applying intensive subsurface evaluation to identify opportunities in a mature area.” said the PTTEP CEO.

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