Malaysia's Kimanis Crude Exports to Halve in April

Florence Tan and Shu Zhang
Wednesday, February 19, 2020

New repair works scheduled by Royal Dutch Shell in its oilfields in Malaysia are likely to halve exports of Kimanis crude cargoes in April and squeeze supplies in Asia, two sources said on Wednesday.

Kimanis is Malaysia's largest export grade and it is produced from the deepwater fields of Gumusut-Kakap and Malikai offshore Sabah, which are operated by Shell.

Maintenance at Malikai was planned for April, but the operator recently scheduled repair works at Gumusut-Kakap during the same period, one of the sources said.

Gumusut-Kakap faced operational issues in late January, which has reduced Kimanis output to about 160,000-170,000 barrels per day, down from 190,000 bpd, the source said. Petronas and Shell did not respond to requests for comment.

The four cargoes to be loaded in April include a cargo that has been rolled over from March and another one that will load in April end and early May, according to the latest schedule issued this week.

Petronas will market two cargoes loading on April 3-7 and 9-13, while ConocoPhillips will sell the cargo for April 24-28 lifting. Shell has the fourth cargo loading on April 28 to May 2. Each cargo is 600,000 barrels.

A provisional program last week showed that exports were at seven cargoes in April, down from a revised eight cargoes in March. 

(Reporting by Florence Tan and Shu Zhang; Editing by Himani Sarkar and Arun Koyyur)

Categories: Industry News Activity Oil Production Asia Inspection & Repair & Maintenance Malaysia

Related Stories

Yinson Production Secures $1.17B Refinancing for FPSO Maria Quitéria

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Petronas-Eni Upstream Joint Venture to Take Up to Two Years to Set Up

Wood JV Gets EPC Job for Shell off Brunei

Chuditch Gas Field Drilling Ops Get Delayed to Next Year

CNOOC Starts Production at Offshore Field in South China Sea

Indonesia's Medco Starts Production at Natuna Sea Fields

Pakistan’s OGDC to Start Production at ADNOC’s Offshore Block by 2027

INEOS Wraps Up Acquisition of CNOOC’s US Oil and Gas Assets

CNOOC Sees 11% Profit Growth in 2024 Driven by Record Oil Production

Current News

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

Yinson Production Secures $1.17B Refinancing for FPSO Maria Quitéria

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

Japanese Oil and Gas Firm Enters Two Blocks off Malaysia

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com