Wednesday, August 24, 2011

Petronas offshore gas development

Malaysia’s state-run energy firm Petronas is embarking on a MYR 15 billion ($5 billion) project to develop gas reserves from a cluster of fields in the North Malay basin.

Petronas said the project involved nine fields in Blocks PM301 and PM302 and in the Bergading contract area, about 300 kilometres off the coast.

The project will also see the company, along with its production sharing contract partners, develop a 200 kilometre pipeline to transport gas from the fields to Kerteh, Terengganu.

“Petronas and its PSC partners are undertaking the project on an accelerated basis, with the first delivery of 100 million standard cubic feet of gas per day expected by early 2013, ramping up to 250 MMcfd by 2015,” Petronas said in a statement.

Published : August 24, 2011


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