SapuraKencana Energy Inc (“SKE”), a wholly-owned subsidiary of SapuraKencana Petroleum Berhad, is pleased to announce that it has secured Field Development Plan (FDP) approval from Petroliam Nasional Berhad (“PETRONAS”) for the SK310 B15 gas field development project. With this approval, SKE will commence the development phase for this project and the first gas delivery is targeted for Q4, 2017.
The B15 field which was discovered in December 2010 is located within the SK310 Production Sharing Contract (PSC) area, offshore East Malaysia. The development will comprise a central processing platform with a 35 km gas evacuation pipeline to be tied into existing infrastructure. The B15 field is expected to produce 100 MMscfd (million standard cubic feet per day) of hydrocarbon gas for the PETRONAS’ LNG complex in Bintulu, Sarawak.
“The FDP approval from PETRONAS marks SKE’s first development in the upstream gas project in Malaysia. We will continue to pursue future gas development projects from our other successful gas discoveries in Malaysia which is part of SKE’s portfolio today,” said Tan Sri Dato’ Seri Shahril Shamsuddin, President & Group CEO of SapuraKencana Petroleum Berhad.
SKE via SapuraKencana Energy Sarawak Inc. is the Operator of the SK310 PSC with a 30% participating interest and partners with PETRONAS Carigali Sdn. Bhd. at 40% and Diamond Energy Sarawak Sdn. Bhd., a subsidiary of Mitsubishi Corporation at 30%.