Petronas is preparing to drill the Megah-2 appraisal well in the coastal waters of Sabah, Malaysia. This action is intended to evaluate the Megah oil discovery in the deepwater block 3K, which is considered one of the largest oil discoveries in Malaysia in approximately the last two decades.
Details of the discovery and subsequent actions
Estimates suggest that the reserves of this discovery are between 200 to 300 million barrels of oil, although Petronas has not yet announced an exact figure for recoverable resources. The company is rapidly determining the size and commercial potential of this discovery. An announcement from the Malaysian Maritime Administration confirms that drilling activities at Megah-2 in Sabah waters are planned, while industry sources have attributed this work to the drilling vessel West Capella.
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Features of the West Capella drilling vessel
The West Capella drilling vessel is a sixth-generation ultra-deepwater rig capable of operating in water depths of up to 10,000 feet and drilling to depths of 37,500 feet. This vessel is currently under contract with PTTEP in Malaysia and is expected to remain in the country until 2027. Additionally, TGS is reprocessing three-dimensional seismic data in the discovered area to assist in reservoir evaluation and well drilling planning.
The Megah-2 campaign will provide more information about reservoir quality, fluid characteristics, and the scale of potential future developments. This drilling could help clarify the economic and commercial dimensions of this discovery and assist Petronas in future decision-making regarding the development of this oil field.
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