JAKARTA, Feb 24 (Bernama) — PETRONAS through 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 per cent participating interest in the North Madura II PSC.
The Hidayah-1 exploration well was spudded on 7 January 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 BOPD with good crude quality. The Hidayah-1 exploration well results will be further assessed to ascertain its potential.
