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Gumusut-Kakap FPS to Operate at Full Capacity By Year-end

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Shell expected its floating production system (FPS) for the Gumusut-Kakap oil field project offshore Sabah, Malaysia to operate at full capacity by year-end.

"We drew our first oil in November last year and we expect to reach full production capacity by year-end," said Chairman Iain Lo of Shell Refining Company (Federation of Malaya) Bhd - a subsidiary of Shell in Malaysia as reported by Malaysian national news agency Bernama June 21.

The FPS will produce 150,000 barrels of crude oil per day from 19 subsea wells, which are located in water depths of 3,937 feet.

Field operator Shell and ConocoPhillips Sabah Ltd each own a 33 percent stake in the Gumusut-Kakap project while Petronas Carigali and Murphy Sabah Oil Co Ltd own 20 and 14 percent, respectively.

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