Deals Monitor

Partners to develop SK408 gas fields offshore Sarawak

Shell Office, Kuala Lumpur, Malaysia

KUALA LUMPUR, Malaysia ? Sapura E&P and its partners Petronas Carigali Sdn Bhd and Sarawak Shell Berhad have taken the final investment decision to develop the Gorek, Larak, and Bakong fields as Phase 1 in the SK408 production-sharing contract.

The FID follows the field development plan approval from Petroliam Nasional Berhad (Petronas) and concurrently, the signing of the key terms to the gas sales agreement for Phase 1 of the SK408 gas field development.

The fields will be developed as three separate wellhead platforms tied back to the existing processing facility and to the Malaysia Liquefied Natural Gas complex in Bintulu, Sarawak. The SK408 gas fields will be Sapura E&P?s second major upstream gas development project in east Malaysia, after the SK310 B15 gas field.

Sapura E&P is the development and production operator of the Larak and Bakong fields while Sarawak Shell Berhad is the development and production operator of the Gorek field.

Tan Sri Dato? Seri Shahril Shamsuddin, president and Group CEO of Sapura Energy Berhad, said: ?The development of the SK408 gas fields further strengthens?Sapura Energy?s position in Malaysia?as a significant partner and supplier of natural gas to one of the world?s largest LNG production facilities, the Petronas MLNG complex in Bintulu.?

Source: Offshore Magazine

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