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."



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
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.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Total Sells Gabon Assets to Perenco fo... (Feb 27)
 -  Transformative Role of 3D Printing in ... (Feb 27)
 -  Roxi, Baverstock Looking to Merge Erag... (Feb 27)
 -  EASA Issues EC 225 LP Helicopter Airwo... (Feb 27)
 -  Lundin Norway Makes Oil, Gas Find in B... (Feb 24)


Most Popular Articles

From the Career Center
Jobs that may interest you
Land Completions Supervisor
Expertise: Company Man|Production Engineering|Workover or Completion
Location: Houston, TX
 
Land Drilling Superintendent
Expertise: Drilling Engineering|Drilling Superintendent|Petroleum Engineering
Location: Houston, TX
 
Land Drilling Engineer
Expertise: Drilling Engineering|Petroleum Engineering|Production Engineering
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $55.99/BBL 1.04%
Light Crude Oil : $53.99/BBL 0.84%
Natural Gas : $2.63/MMBtu 0.38%
Updated in last 24 hours