Page 10 - AsianOil Week 38 2022
P. 10

AsianOil                                    SOUTHEAST ASIA                                           AsianOil


       Mubadala makes gas find off Malaysia





        PROJECTS &       UAE-BASED Mubadala Petroleum and its part-  (14,158 cubic metres) per day of gas and 9,500
        COMPANIES        ners Shell and Malaysia’s Petronas have made a  barrels per day (bpd) of condensate at plateau
                         sizable natural gas discovery at Block SK320 off   capacity.
       Mubadala has made   the coast of Bintulu, Sarawak, in Malaysia, Petro-  Mubadala has made six discoveries to date
       six discoveries since   nas said on September 20.      since entering Malaysia in 2010, giving it a suc-
       entering Malaysia in   The discovery was made with a well drilled to  cess rate of 75% – significantly higher than the
       2010.             a depth of 1,680 metres. The well encountered a  industry average.
                         gas column more than 110 metres in length, in   The latest discovery, Cengkih, could be used
                         good-quality carbonate reservoirs.   to provide additional feedstock to the Petronas
                           Mubadala operates the block with a 55%  LNG complex at Bintulu, where Pegaga’s gas is
                         stake, while Petronas has 25% and Shell has 20%.  already processed.
                           In a statement, Petronas said the find added   Mubadala Energy CEO Mansoor Mohamed
                         to “a string of exploration successes in the Cen-  Al Hamed said the find cemented the company’s
                         tral Luconia region,” and confirmed the “large  position in Malaysia.
                         potential” of the region’s carbonate play.  “Gas demand in Southeast Asia continues to
                           The discovery is in close proximity to exist-  grow and we look forward to helping meet those
                         ing infrastructure, including that at the Pegaga  energy needs, in line with our strategy to play an
                         discovery that was put into production in  active role in the energy transition,” he said.
                         March. Pegaga contained 1 trillion cubic feet   More than 90% of the resources in Mubada-
                         (28.3bn cubic metres) of additional initial gas  la’s portfolio are already in production, making
                         in place. It is expected to flow 500,000 cubic feet  the discovery of new fields a priority. ™








                                                       OCEANIA





       Australian court creates setback



       for Santos' Barossa project





        POLICY           AUSTRALIA’S federal court on September 21  consulted with each person that it was required
                         ruled in favour of a challenge put forward by an  by the regulations to consult with,” Judge More-
       Santos is appealing   indigenous group against the drilling permit that  decai Bromberg said in his ruling. “The accept-
       against the decision.  was issued to Santos’ Barossa gas project, raising  ance [or permission] given by NOPSEMA was
                         fresh concerns over the development’s fate.  legally invalid. NOPSEMA’s decision to accept
                           Traditional landowners from the Tiwi Islands  the drilling environmental plan must therefore
                         led by Dennish Tipakalippa asked the court in  be set aside.”
                         June to overturn the drilling decision for the   Announcing that it would appeal against the
                         project, situated near islands off north Austral-  “disappointing” ruling, Santos said in a stock
                         ia’s coast. The decision was issued by the indus-  exchange statement that the decision should be
                         try regulator, the National Offshore Petroleum  reviewed by a full federal court, given its signifi-
                         Safety and Environmental Management Author-  cant implications.
                         ity (NOPSEMA).                         “This is a disappointing outcome,” Santos
                           This is Santos’ biggest project, and will be  said, noting that the site where the drilling was
                         essential to maintain output at the Darwin LNG  due to take place was in the Timor Sea, some 140
                         plant, which will lose supply from its primary  km north of the Tiwi Islands.
                         source of gas, Bayu Undan, later this year.  “Project approval uncertainty is a public pol-
                           “Mr Tipakalippa has established that  icy issue that should be urgently addressed by the
                         NOPSEMA … failed, in accordance with the  Australian government to reduce risk for trade
                         regulations, to assess whether  the drilling  and investment in projects around the country,”
                         environmental plan demonstrated that Santos  Santos said. ™



       P10                                      www. NEWSBASE .com                      Week 38   26•September•2022
   5   6   7   8   9   10   11   12   13   14   15