Lundin Gets Bertam FDP Approval from Petronas
Sweden's Lundin Petroleum reported Thursday that Petronas has given its subsidiary, Lundin Malaysia, approval for the Bertam field development plan (FDP).
Bertam, located in Block PM307 offshore Peninsular Malaysia, will be developed using a 20-slot wellhead platform adjacent to a spread-moored FPSO vessel in a water depth of approximately 250 feet. The subsurface development concept consists of 14 horizontal wells complete with electrical submersible pumps. The total cost of the development is estimated at approximately $400 million, not including FPSO-related costs.
Lundin CEO Ashley Heppenstall commented in a company statement:
"The approval from Petronas of the Bertam field development plan is a major achievement for the South East Asia business. We have built an experienced project team with strong record of completing similar projects and are confident we have the capability to deliver this major project on schedule and on budget."
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Operates 9 Offshore Rigs
- Exec: Petronas' Canadian Unit To Look At Other LNG Opportunities (Oct 11)
- Adviser: Malaysia's Petronas Puts Some Canadian Assets Up For Sale (Oct 04)
- Petronas Chem Sells Half Of Polymers Business To Saudi Aramco For $900MM (Oct 02)
Company: Lundin Petroleum AB more info
Operates 2 Offshore Rigs
- Lundin Board Proposes Malaysia, France, Netherlands Asset Spin Off (Feb 13)
- Swedish Oil Firm Lundin Sees Output More Than Doubling Next Decade (Feb 01)
- Lundin's Development Expenditure to Top $1B in 2017 (Jan 19)