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Northbridge Industrial Services Plc

PTTEP’s Malaysia gas find is world’s 7th largest in 2019

Thai PTTEP on Thursday said it had made largest ever gas discovery ever in Malaysia, but came short of providing the estimated size. It said the discovery offshore Sarawak was a “multi-tcf” one. Energy intelligence firm Wood Mackenzie thinks the discovery is the seventh largest global discovery of the year.

In his take on PTTEP’s discovery at the Lang Lebah-1RDR2, the first exploration well in Sarawak SK410B Project, Wood Mackenzie senior analyst Huong Tra Ho said: “We estimate an indicative size of 2 trillion cubic feet, making this the 7th largest global discovery of the year. It is in the deeper, HP/HT reservoir of the basin, and looks potentially to have relatively ‘clean’ gas qualities and low impurity content.”

Northbridge Industrial Services plc (LON:NBI) hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, New Zealand, Brazil and Korea, Northbridge has a global customer base.

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