Page 6 - AsianOil Week 22 2021

AsianOil SOUTHEAST ASIA AsianOil

Petronas builds

upstream momentum

PROJECTS & MALAYSIA’S state-owned Petronas has The head of Petronas’ upstream operations,
COMPANIES announced the award of a new deepwater ser- Adif Zulkifli, said: “The Limbayong project is
vices contract, as the company looks to bolster aligned with Petronas’ three-pronged growth
production at new and existing fields. strategy to expand our resource base. We hope
The state major said on June 1 that its the project, which is PCSB’s first deepwater
upstream division, Petronas Carigali, had development undertaking in Malaysia, will give
awarded an engineering, procurement, con- confidence and invite potential investors to col-
struction, installation and commissioning laborate further in maturing the country’s deep-
(EPCIC) contract for subsea umbilicals, risers water resources.”
and flowlines (SURF) at its Limbayong deep- The executive added that Limbayong’s devel-
water development to TechnipFMC subsidiary opment would help Petronas Carigali prepare
FMC Wellhead Equipment. The project is Pet- for other deepwater projects located “not only in
ronas Carigali’s first operated deepwater project. Sabah but also in other regions”.
The development, which is located 120 km While Petronas announced in February first
offshore Sabah State in 900-1,200 metres of gas from the deepwater Rotan and Buluh fields
water, will consist of 10 deepwater wells that will in Block H, also off the coast of Sabah, the com-
be tied back to a floating production, storage and pany does not operate the assets. PTTEP Sabah
offloading (FPSO) vessel. Oil, a subsidiary of Thailand’s state-owned PTT
The EPCIC contract came after Petronas Exploration and Production (PTTEP), operates
Carigali awarded FMC Wellhead with contracts Block H in partnership with Indonesia’s state-
for both front-end engineering design (FEED) owned Pertamina and Petronas Carigali.
and integrated engineering, procurement, con- The Malasyian major’s push to boost oil and
struction, installation and commissioning (iEP- gas production comes amid a 3% year-on-year
CIC) for the project in February. decline in output in the first quarter, with pro-
TechnipFMC agreed to design, manufacture, duction sliding by 3% to 2.39mn barrels of oil
deliver and install subsea equipment, including equivalent per day from 2.46 boepd a year earlier.
trees, manifolds, umbilicals, flexible risers, flow-
lines, jumpers and other associated hardware. Asset development
Petronas said this week that it expected Lim- The Sarawak Region Marine Department issued
bayong to pave the way for the development of a notice to mariners late last month that Petronas
nearby prospects – within 18-30 km – which Carigali intended to mobilise the Idun jack-up
would help boost the local economy. FMC Well- rig from its Berantai field, offshore Terengganu,
head is expected to use its local manufacturing to the Bakau non-associated gas (NAG) develop-
plants to prepare the subsea systems. ment, offshore Sarawak.

P6 www. NEWSBASE .com Week 22 03•June•2021