Project Profile
Location: Balingian Basin, onshore Sarawak, Malaysia
Reserves: Unknown
Area: 11,600 square kilometres
RH Petrogas has gained its first production sharing contract in Malaysia with the award of the SK 331 block, located onshore Sarawak. The explorer will hold an 80% stake in Block SK 331 with Malaysia’s Petronas on 20%. RH PEtrogas is committed to a three-year work programme including seismic acquisition and exploratory drilling on the 11,600 square kilometre block, where past exploration has proved an active petroleum system. Geologically, the block is the onshore extension of the Balingian Basin which contains several oil and gas fields in the offshore area. The onshore block also lies close to existing infrascture, with the Bintulu liquefied natural gas (LNG) terminal falling within its borders.
Operators:
RH Petrogas: Operator with 80% interest
Petronas: 20% interest