Petronas and PTTEP Sign Deals for Oil and Gas Ops Offshore Malaysia

Tuesday, December 26, 2023

Malaysia’s Petronas Carigali and Thai PTTEP have signed agreements related to the development of PTTEP-operated oil and gas Blocks SK405B and SK410B located off the coast of Sarawak, offshore Malaysia.

Petronas and PTTEP signed a memorandum of understanding (MoU) and two Technical Assistance Agreements (TAAs) for developments in Malaysia.

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.

“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,” said Petronas’ Senior General Manager of Sarawak Asset, Anuar Ismail.

“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," added PTTEP’s Country Manager, Kanok Intharawijitr.

Categories: Energy Offshore Energy Activity Production Asia Oil and Gas

Related Stories

Four Jack-Up Drilling Rig Deals Set to Bring In $129M for Borr Drilling

Yinson Production Secures $1.17B Refinancing for FPSO Maria Quitéria

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

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

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

Japanese Oil and Gas Firm Enters Two Blocks off Malaysia

MODEC and Terra Drone Renew FPSO Drone Inspection Partnership

Yinson Production Closes $1B Investment to Drive Further Growth

Petrovietnam, Petronas Extend PSC for Offshore Block

CNOOC Starts Production at Two New Oil and Gas Projects

Current News

One Shelf Drilling Rig Up for New Job in India, Other for Disposal

Four Jack-Up Drilling Rig Deals Set to Bring In $129M for Borr Drilling

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

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