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BP, Petronas win offshore Indonesian blocks

INVESTMENT SUPER-MAJOR BP and Malaysia’s Petronas contract (PSC) offshore Aceh.
both announced on March 18 that they had been The North Ketapang block, which was
awarded deepwater exploration blocks as part of awarded to Petronas, is located onshore and off-
the second round of Indonesia’s 2021 Oil and Gas shore East Java. Petronas will own a 100% inter-
Working Area (WK) Bid Round. est in the block, which covers 3,132 square km.
BP has been awarded the Agung I and Agung Petronas is also the operator of the Ketapang
II blocks, while Petronas won rights to the North PSC and North Madura II PSC offshore East
Ketapang block. Java, as well as being a joint venture partner
The Agung I Block covers an area of 6,656 in six PSCs located both onshore and offshore
square km offshore Bali and East Java, while the Sumatra, the Natuna Sea, East Java and East
Agung II Block covers an area of 7,970 square Indonesia.
km and is located offshore South Sulawesi, West The Indonesian government also awarded
Nusa Tenggara and East Java. In a statement, BP a fourth block, Bertak Pijar Puyuh, during the
described the area as “underexplored with signif- latest bid round, to local company Mitra Multi
icant potential of gas resource close to growing Karya. The company had not put out a statement
gas demand”. as of March 23, but according to the Indonesian
The super-major has been awarded a government, the block is located onshore South
100% interest in both blocks. It said it con- Sumatra and covers 267 square km.
tinued to grow its presence in Indonesia, The four blocks were offered under a direct
where it also operates the Tangguh LNG offer tender. A further four blocks are being
project and has a non-operated 30% inter- offered under a regular tender that is due to close
est in the Andaman II production-sharing on March 24.™

Mubadala starts gas production

at Malaysia’s Pegaga field

PROJECTS & ABU Dhabi’s Mubadala Petroleum on March subsidiary of Sapura Energy.
COMPANIES 21 announced the start of gas production from The project represents the successful culmi-
the Pegaga field, located in Block SK320 off the nation of a challenging project, the company said
northern coast of the island of Borneo in eastern in a statement. During development, Mubadala
Malaysia. Pegaga was discovered in 2013 during “navigated the challenges of the global pan-
Mubadala’s drilling campaign and along with its demic”, it added.
partners in 2018 it made a final investment deci- Mubadala’s CEO, Mansoor Mohamed Al
sion (FID) to proceed with developing the field. Hamed, said Pegaga demonstrated the compa-
Gas produced at an integrated central pro- ny’s “deep capabilities, resilience and commit-
The Pegaga field will cessing platform (ICPP) with a capacity of ment as an energy provider”.
supply the Petronas 550mn cubic feet (15.6mn cubic metres) per day “With our strategic focus on gas as a key
LNG complex in (plus condensate) will supply the Petronas LNG bridge fuel in the energy transition, this achieve-
Bintulu. complex in Bintulu, Sarawak State. The platform ment reflects our ambition for the future as a
is located in 108 metres of water, and gas will be long-term investor and strategic energy partner,”
transported to Bintulu via a new 4-km, 38-inch Al Hamed said.
(965-mm) subsea pipeline that ties into the exist- A senior vice-president at Petronas,
ing offshore gas transport network ultimately Mohamed Firouz Asnan, said in the statement:
reaching Petronas LNG. “The Pegaga field is well positioned to signifi-
Mubadala has been present in Malaysia cantly contribute towards sustaining Malaysia’s
since 2010. It is operator of Pegaga with a 55% gas supply for many decades to come.”
stake and is partnered with Petronas Cari- Mubadala is a wholly owned subsidiary of
gali with 25% and Sarawak Shell with 20%. Mubadala Investment, which is owned by the
Investment in the field is estimated at more government of Abu Dhabi. Its operations span
than $1bn. This is the first development pro- 11 countries, primarily in the Middle East and
ject in Malaysia by Mubadala, which awarded North Africa, but also in Southeast Asia and
an engineering, procurement, construction, Russia. The company’s working interest produc-
installation and commissioning (EPCIC) con- tion is around 430,000 barrels of oil equivalent
tract for the venture to Sapura Fabrication, a per day (boepd).™

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