Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

Lundin Gets Bertam FDP Approval from Petronas

change text size

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?

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

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Total Discovers Oil Offshore Ivory Coa... (Apr 17)
 -  Shell Finds Gas at Rosmari-1 Well in S... (Apr 17)
 -  Providence Offered Upgrade to its Newg... (Apr 17)
 -  Ezion Bags $79M Charter Contracts to S... (Apr 16)
 -  Stable North American Market Drives Re... (Apr 16)
Most Popular Articles
From the Career Center
Jobs that may interest you
Completions Engineer Permian
Expertise: Drilling Engineering, Stimulation , Workover or Completion
Location: Midland, TX
 
Completions Engineer
Expertise: Production Engineering, Stimulation , Workover or Completion
Location: Pittsburgh, PA
 
Field Service Coordinator
Expertise: Field Development
Location: Houston, TX
 
search for more jobs