PETRONAS, PTEEP to develop oil, gas discoveries offshore Malaysia

(WO) – PETRONAS Carigali Sdn Bhd (PETRONAS Carigali), a wholly-owned subsidiary of PETRONAS, has signed a Memorandum of Understanding (MoU) and two Technical Assistance Agreements (TAAs) with PTT Exploration and Production (PTTEP) in relation to the development of PTTEP-operated Blocks SK405B and SK410B located off the coast of Sarawak, offshore Malaysia.

From left to right – General Manager, Integrated Facilities, Sarawak Asset, Shamsawi Ahmad; General Manager, Production Oil, Sarawak Asset, Bolhi Maskawi; Senior General Manager, Sarawak Asset, Anuar Ismail; Country Manager, PTTEP Malaysia, Kanok Intharawijitr; and Head, Malaysia Greenfield Asset, PTTEP Malaysia, Padsakorn Suwanruji.

The MoU covers the scope of potential evacuation of production from Block SK405B through D35/D21/J4 Production Sharing Contract (PSC) facilities, Post 1976 Balingian PSC facilities and Bintulu Crude Oil Terminal operated by PETRONAS Carigali.

Meanwhile, the first TAA covers the study and design works for Block SK405B fields into the same PETRONAS Carigali-operated facilities. The second TAA is for the assistance of engineering design for the potential construction, tie-in works, pipeline and cable crossings of Block SK410B for Lang Lebah’s gas evacuation to the Bintulu Additional Gas Supply Facilities 2, as well as for the potential production and handling of Lang Lebah’s condensate at the Bintulu Integrated Facilities.

Signing the MOU and the TAAs on behalf of PETRONAS Carigali was Senior General Manager of Sarawak Asset, Anuar Ismail while PTTEP was represented by its Country Manager, Kanok Intharawijitr.

Anuar said, “This collaboration would enable both parties to drive progress by leveraging on PETRONAS Carigali’s expertise and technology through continued focus on cost optimization and operational excellence to ensure supply security, particularly in Sarawak.”

Kanok said, “Currently, we operate eight PSCs in Sarawak with a production volume of ~15 KBOPD and ~200 MMscfd of crude and gas respectively.”

“In Sarawak, we have a number of developments forthcoming including SK410B and SK405B. We highly appreciate and value this collaboration a lot since it will enable the parties to advance the success of our projects,” he added.

PTTEP holds 49.5% participating interest in Block SK405B PSC, with MOECO Oil (Sarawak) Sdn Bhd and PETRONAS Carigali holding 25.5% and 25%, respectively. For Block SK410B PSC, PTTEP and Kuwait Foreign Petroleum Exploration Company each holds 42.5% interest, with the remaining 15% held by PETRONAS Carigali.

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