Malaysia's national oil company Petroliam Nasional Berhad (PETRONAS) announced Tuesday the commencement of oil production at the Tembikai field under the Tembikai-Chenang Cluster small field Risk Service Contract (RSC) located offshore Terengganu, Peninsular Malaysia.
The field, which lies in water depth of approximately 230 feet (70 meters), is being developed and operated by VESTIGO Petroleum Sdn Bhd, a company established in 2013 and wholly-owned by PETRONAS Carigali Sdn Bhd -- the upstream arm of PETRONAS.
The Tembikai-Chenang Cluster is the fourth RSC that has been brought into production, after the Kapal-Banang-Meranti (KBM) Cluster, Balai Cluster and Berantai RSCs.
“Tembikai is the first small field RSC that has been successfully executed by a PETRONAS Carigali’s wholly-owned subsidiary. This achievement marks another significant milestone for PETRONAS in its journey to monetize and add value to small and stranded oil fields despite the challenges currently faced by the industry,” PETRONAS Vice President of Malaysia Petroleum Management, Muhammad Zamri Jusoh said in the press release.
Facilities for the Tembikai oil project includes a Central Processing Platform (CPP) that is connected to a Floating Storage and Offloading (FSO) vessel via a flexible subsea pipeline. The CPP utilizes the Seahorse light weight structure and it is the first to be installed in Southeast Asia.
“We are pleased with this momentous achievement in the development and production of small and marginal fields where we managed to deliver the project within the budget and ahead of schedul,” VESTIGO CEO Keith Collins added in the press release.
According to PETRONAS, Tembikai currently produces only from one well, while two more production wells are now being drilled. When completed, the three wells are expected to achieve peak production of around 2,000 barrels of oil per day (bopd).
View Full Article
WHAT DO YOU THINK?
Click on the button below to add 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.
More from this Author
Most Popular Articles
From the Career Center
Jobs that may interest you