Petronas will assess well results to determine potential of an oil discovery made by subsidiary PC North Madura II Ltd. at Hidaya-1 within the North Madura II production sharing contract (PSC) area offshore East Java, Indonesia.
The well was spudded Jan. 7 and drilled to a depth of 2,739 m. It encountered an oil-bearing carbonate buildup with good reservoir qualities in the Ngimbang carbonate formation and tested at about 2,100 b/d with good crude quality.
PC North Madura II Ltd. is operator with 100% participating interest in the PSC. Petronas is also operator of Bukit Tua oil and gas field, offshore East Java, and is a joint venture partner in six other PSCs located both onshore
