ExxonMobil Starts New Gas Production at Tabu Field

ExxonMobil Exploration and Production Malaysia Inc (EMEPMI), a unit of Exxon Mobil Corporation, has started production of non-associated gas from the Tabu field, 200km offshore Terengganu.

The project was developed under the Gas Production Sharing Contract (GPSC) between EMEPMI as the operator, and co-venturer Petronas Carigali Sdn Bhd (PCSB) to help meet increasing gas demand in Malaysia.

EMEPMI and Petronas Carigali each hold a 50 percent interest in the GPSC which was developed at an estimated cost of about RM673 million (US$182 million).

EMEPMI chairman Liam M. Mallon said the project marked an example of the company's commitment to work together with Petronas Carigali and Petronas in maximizing Malaysia's energy resources.

EMEPMI is now producing oil from the Tabu field via two platforms.

EMEPMI is one of Malaysia's major crude oil producers and the largest supplier of natural gas to Peninsular Malaysia.

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