SapuraOMV announced stable production from its operated Bakong gas field project offshore Malaysia under the SK408 Production Sharing Contract (PSC).
The production phase started in June 2020. This follows the successful production from SapuraOMV‘s Larak gas field which started in December 2019 and the start-up of the Shell-operated Gorek field in May 2020. With this first production from Bakong field, Phase 1 of the SK408 development is now entirely on stream.
The SK408 gas fields are part of the discoveries made by SapuraOMV Upstream in a drilling campaign in 2014. The Phase 1 development of SK408 Production Sharing Contract (PSC) aims to commercialize the gas reserves from Gorek, Larak and Bakong fields, which will help meet the growing gas demand in Asia. Under a long-term agreement with Petronas, SapuraOMV and its SK408 partners, Sarawak Shell Berhad and PETRONAS Carigali. Bhd. will supply gas from these fields to the Petronas LNG complex in Bintulu, Sarawak.
“With this achievement we continue to demonstrate to our stakeholders our commitment to safety and project delivery, despite the many challenges posed by the COVID-19 pandemic,” said Tan Sri Dato’ Seri Shahril Shamsudin, Chairman of SapuraOMV Upstream.
Johann Pleininger, Executive Board Member responsible for Upstream and Deputy Chairman of OMV: “With the successful start-up phase, we are setting a further step in strengthening the gas focus in our production portfolio and it is a strong signal in our OMV core region Asia-Pacific.”
Credit to www.pipelineoilandgasnews.com