Tuesday May 17, 2011
KPOC to develop Kebabangan gas field
PETALING JAYA: Kebabangan Petroleum Operating Co Sdn Bhd (KPOC), which is 40% owned by Petronas Carigali Sdn Bhd, has made a final investment decision to develop the Kebabangan gas field, located offshore Sabah.
In a media statement issued yesterday, the company said its shareholders had made the call to develop the gas field located in water depths of 100m to 400m and was part of the Kebabangan cluster production sharing contract operated by KPOC.
The other shareholders of KPOC are ConocoPhillips Sabah Gas Ltd and Shell Energy Asia Ltd, both with a 30% equity in KPOC.
The project will include a 12-well, two-phase drilling campaign and the fabrication and installation of an integrated drilling/production platform with living quarters.
The integrated production platform will be located on the edge of the continental shelf in 140m of water and will have a design rate of 825 million standard cu ft per day of gas export capacity and 80,000 stock tank barrels per day of oil export capacity.
Oil and gas (O&G) will be exported via 135km of pipelines to the Petronas Carigalioperated Sabah Oil and Gas Terminal currently under construction at Kimanis, Sabah. First production is expected at the end of 2014.
“Our team is committed to delivering market leading performance in all aspects of the project with relentless focus on safety, quality, cost and schedule,” said KPOC general manager Kannan Annamalai.
The development of the Kebaban-gan gas field comes under the larger development of Sabah-Sarawak integrated O&G project by Petroliam Nasional Bhd, which aims to harness the O&G resources in the offshore areas of east Malaysia. The new O&G fields off the coast of Sabah that were earmarked included Gumusut/Kakap, Kinabalu Deep and East, Kebabangan and Malikai.
It was reported earlier this year that some RM13bil would be invested this year on exploration and development efforts on four deepwater projects, namely the Gumusut-Kakap, Kebabangan, Malikai and Jangas fields.
Meanwhile, Bernama reported that Shell Malaysia would invest RM5.1bil this year to upgrade and expand its upstream, midstream and downstream operations.
Chairman Anuar Taib said one of the projects was the development of the Gumusut field, offshore Sabah.
In a statement yesterday, Anuar said in preparation for this, Shell and its partners, would build South-East Asia's first floating production system (FPS) in Johor Baru.
“The FPS, which will sit in a water depth of approximately 1,200m, will have a capacity to process 135,000 barrels of oil equivalent per day, or the equivalent of one quarter of the nation's production,” he said.
Anuar said this was to complement the current four small fields offshore Sabah and some 80 retail stations in the state.
“Beyond Gumusut, we have decided to invest in the Kebabangan project that will deliver more gas to the Sabah domestic market. While Miri remains our key operational area for Shell upstream, Kota Kinabalu will see an increase in our presence,” he said.
http://biz.thestar.com.my/news/story.asp?file=/2011/5/17/business/8694417&sec=business
These articles would keep the concerned public aware of our development of our wealth
