SapuraOMV announces first gas production offshore Malaysia
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.”
KEEPING THE ENERGY INDUSTRY CONNECTED
Subscribe to our newsletter and get the best of Energy Connects directly to your inbox each week.
By subscribing, you agree to the processing of your personal data by dmg events as described in the Privacy Policy.
More oil news

Philippines’ Marcos Seeks to Import LNG From Alaska, Envoy Says

Oil Falls After Weak Technicals Accelerate Supply-Driven Losses

Buffett’s Annual Letter May Give Much Needed Support to Japanese Stocks

Oil Edges Lower With Focus on US Stockpiles, Supply Uncertainty

Oil Climbs With Focus on OPEC+ Output Plans and Ukraine Talks

Diamondback Energy announces $4.08 billion acquisition to expand Permian presence

Oil Holds Declines on Prospect of Higher Russia, Iraq Supplies

Canada’s Conservative Leader Pitches Major Natural-Resource Revamp to Counter Trump

EPA Terminates Nearly 400 Workers Amid US Government Purge
