4/3/2013

Newfield Exploration touted a natural gas find in Block SK 310 off the Malaysian coast, describing it as the "largest conventional exploratory success" in its history. The company said its B-14 well struck 1,585 feet of net natural gas in approximately 250 feet of water. Newfield owns a 30% interest in the block and serves as its operator, while Mitsubishi and Petronas Carigali hold the rest of the shares.

Full Story:
Bloomberg

Related Summaries