Murphy Oil has made a new deep-water gas find near its Rotan discovery in Block H off Malaysia where the company is pursuing a floating liquefied natural gas project led by Petronas.
The US operator said the new Bulu find was "a nice gas discovery that will be developed as part of the Rotan floating LNG programme".
In a conference call, chief executive David Wood said the company would follow up the find with exploration of a nearby and larger potential feature, referring to Bunga Lili.
“Two more Block H wells in Malaysia are budgeted in support of that likely FLNG development."
Block H already contained the Rotan, Biris and Dolfin discoveries.
Wood said the focus of the FLNG project at present is on sizing the vessel, and that discussions with Petronas should reach a conclusion "some time this year. I'm very pleased with how the negotiations and discussions are going, so I expect something to be announced here this year".
The FLNG development should produce gas by late 2015 or 2016, he added.
Source: http://www.upstreamonline.com
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