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GDF Suez acquires 20% of offshore exploration Block 2F in Malaysia

BY GERALDINE AMIEL

PARIS -- GDF Suez has acquired a 20% stake in the offshore deep water exploration Block 2F in Malaysia in partnership with JX Nippon Oil & Gas Exploration, which holds 40%, the operator of the block, and Petronas Carigali, which holds another 40%.

The license has been recently awarded by Petronas, to the consortium. This is the first GDF Suez exploration & production licence in Malaysia.

Block 2F is located in the offshore Sarawak region, North-West of Borneo island, about 300-400 km off the coast of Malaysia. The license covers an area of 5,500 sq km in water depths ranging from 100 to 1,200 m and lies in the Rajang Delta province.

The deepwater exploration campaign will last four years and will notably include different types of studies to prepare the drilling of an exploration well.

Dow Jones Newswires

09/19/2013

 

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