KUCHING, Dec 26: PETRONAS Carigali Sdn Bhd (PETRONAS Carigali), a wholly-owned subsidiary of PETRONAS, has signed a Memorandum of Understanding (MoU) and two Technical Assistance Agreements (TAAs) with PTT Exploration and Production (PTTEP) in relation to the development of PTTEP-operated Blocks SK405B and SK410B located off the coast of Sarawak, offshore Malaysia.
According to a media release issued on Dec 22, 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.
Signing the MOU and the TAAs on behalf of PETRONAS Carigali was senior general manager of Sarawak Asset, Anuar Ismail while PTTEP was represented by its country manager, Kanok Intharawijitr.
Anuar emphasised that this collaboration would enable both parties to drive progress by leveraging on PETRONAS Carigali’s expertise and technology through continued focus on cost optimisation and operational excellence to ensure supply security, particularly in Sarawak.
“We look forward to working together with PTTEP towards our common aspiration in growing Malaysia’s energy industry in the long run,” he said in the statement.
Kanok expressed that PTTEP is delighted with this collaboration with PETRONAS Carigali and looks forward to its continued growth in the country, under the stewardship of Malaysia Petroleum Management, PETRONAS, as the nation’s custodian of petroleum resources.
Currently, PTTEP operates eight PSCs in Sarawak with a production volume of ~15 KBOPD (thousand barrels of oil per day) and ~200 MMscfd (million standard cubic feet per day) of crude and gas respectively.
“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,” he added.
PTTEP holds 49.5 per cent participating interest in Block SK405B PSC, with MOECO Oil (Sarawak) Sdn Bhd and PETRONAS Carigali holding 25.5 per cent and 25 per cent respectively. For Block SK410B PSC, PTTEP and Kuwait Foreign Petroleum Exploration Company each holds 42.5 per cent interest with the remaining 15 per cent held by PETRONAS Carigali. — DayakDaily
