Petronas announces new oil discovery in Sabah

Kuala Lumpur: Peronas and Shell Malaysia jointly announced oil discovery in offshore Sabah yesterday. The discovery was made by Shell via the Limbayong-2 well during the appraisal of the Limbayong gas field.

The drilling of the Limbayong-2 appraisal well was carried out by the consortium of Shell Malaysia, Conoco Phillipsand Petronas.

“Petronas is indeed pleased with the discovery which affirms the hydrocarbon prospects of Malaysia’s deep water areas. This discovery attests to the significant potential in this area and is a positive development for exploration activities in Sabah and Sarawak,” said Petronas in a statement. [18/03/14]

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