Malaysia’s Petronas on 5 March announced a new oil and gas discovery from its Boudji-1 ultra-deep-water exploration well in Block F14 (Likuale) offshore southern Gabon. The well, drilled in water depths of 2,800 metres, encountered 90 metres of gross high-quality hydrocarbon-bearing pre-salt sands, Petronas said. Petronas will now work with the Ministry of Petroleum and Hydrocarbons to assess the discovery and determine the commerciality of the resource volume.