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Coro UK to analyze deepwater potential of frontier Sarawak, Malaysia block

James Menzies, CEO of Coro Energy in an interview (Source: Core Finance)

LONDON?? Coro Energy UK and Petronas have agreed to perform a joint technical study over block 2A?offshore Sarawak, Malaysia.

Under the terms of the arrangement, on completion of technical analysis of the acreage Coro will have the option to apply for a production-sharing contract.

Block 2A is undrilled and in deepwater, with the nearest discovery 70 km (43 mi) to the east. However, work on the concession to date has identified various large structural closures at prospective levels, Coro said, consistent with known regional plays in the prolific central Luconia province.

Coro pointed out there has been a series of successful exploration results in Malaysian deepwater over the past five years resulting in multi-tcf gas finds.

Source: Offshore Magazine