Gulf Oil and Gas accountACCOUNT

SapuraOMV & Partners Announce First Production from SK408 Gas Fields

Source: www.gulfoilandgas.com 1/13/2020, Location: Asia

SapuraOMV Upstream announced first production following the start-up at the end of December from its Larak gas field under the SK408 Production Sharing Contract (PSC), which was delivered within budget. The SK408 gas fields are part of discoveries made by SapuraOMV Upstream in a drilling campaign in 2014. The fields are tied back into an existing processing facility and gas is transported through existing pipelines for onward gas processing at PETRONAS LNG complex in Bintulu.

“This achievement will strengthen our presence in the existing market, propelling us to become one of the most significant gas producer in the country and in the region”, said SapuraOMV Chairman Tan Sri Dato’ Seri Shahril Shamsuddin. “This will further cement our position as a trusted and reliable oil and gas company.”

The development of SK408 aims to commercialize gas reserves from the Gorek, Larak and Bakong fields, which will help meet the growing gas demand in Asia.

„This production start is a positive signal and demonstrates OMV’s commitment to the Asia-Pacific hub. It shows once more the strengthening of the gas focus in our production portfolio”, said Johann Pleininger, Executive Board Member responsible for Upstream and Deputy Chairman of OMV.

The SK408 development is SapuraOMV’s second major upstream gas development project in East Malaysia, following the successful development and commencement of production from the SK310 B15 gas field. Following the full ramp-up of the first phase of SK408, comprising the Gorek, Larak and Bakong fields, SapuraOMV’s production is expected increase to more than 30 kboe/d, with the majority being gas.

SapuraOMV’s partners under SK408 PSC are Sarawak Shell Berhad (30%) and PETRONAS Carigali Sdn. Bhd (30%).

Production News in Malaysia >>

Russia >>  2/17/2020 - Gazprom Neft is expanding its production and sale of MARPOL-compliant environmentally-friendly marine fuels — the company’s Omsk Refinery having been ...
Pakistan >>  2/13/2020 - Jura Energy Corporation is pleased to announce that, after successful testing and commissioning of production facilities, commercial production has co...

China >>  2/12/2020 - CNOOC Limited (the “Company”, SEHK, NYSE: CEO) announced that Bozhong 34-9 Oilfield has commenced production. ...
Norway >>  2/11/2020 - A new gas module that was recently put on stream on the Troll C platform will accelerate and boost production from Fram by substantial profitable volu...

Ukraine >>  2/10/2020 - Cadogan Petroleum plc, the London Stock Exchange listed independent oil and gas company, is pleased to provide the following operational update post y...
Argentina >>  2/5/2020 - Echo Energy, the Latin American focused upstream oil and gas company, provides an update on production from the Company's recentlyacquired 70% non-op...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Malaysia Oil & Gas 1 >>  2 | 3 | 4 | 5 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.