Talisman Energy Progresses Development of Vietnam, Malaysia Assets
Off East Malaysia, Talisman has brought onstream six in-fill wells drilled in the Kinabalu oil production sharing contract. The six wells are producing on average 12,000 barrels of oil per day (bopd), bringing total gross production at Kinabalu oilfield to 20,000 bopd.
Talisman is set to drill three exploration wells in Blocks 309 and 310 near the Kinabalu production sharing contract (PSC), using leased jackup Seadrill’s West Vigilant (350’ ILC), which has been mobilized from the six-well program at Kinabalu to drill the wildcat trio off Sabah.
Horn described the prospects in Block 309 and 310 as “prone to liquid hydrocarbon”, holding gross unrisked resources of almost 4 billion barrels across different play types.
Meanwhile, Talisman is optimistic about securing an extension for Block PM3CAA in the overlapping waters between Malaysia and Vietnam beyond 2017, Horn disclosed. The block currently averages just below 30,000 barrels of oil equivalent – one third of the gross output from Talisman’s assets in Malaysia.
Talisman is eyeing the development of the Bunga Pakma field, estimated to hold over 500 million cubic feet of gas resources in place in Block PM3CAA, according to Horn.
Industry players believed that a new wellhead riser platform, to be tied to the central processing platform at the producing Bunga Orkid field – where a pipeline replacement program is reportedly being lined up – will be installed at the small Bunga Pakma gas field.
Bunga Pakma and Bunga Orkid are collectively known as the Northern Fields of PM3CAA, which also hosts six other southern fields – East and West Bunga Kekwa, East and West Bunga Raya, Bunga Seoja and Cai Nuoc.
123
View Full Article
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.
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Macquarie Strategists Expect Brent Oil Price to Grind Higher
- Japan Failing to Meet Corporate Demand for Clean Power: Amazon
- UK Oil Regulator Publishes New Emissions Reduction Plan
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- PetroChina Posts Higher Annual Profit on Higher Production
- McDermott Settles Reficar Dispute
- US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
- Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks
- USA Commercial Crude Oil Inventories Increase
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude
- House Passes Protecting American Energy Production Act
- TotalEnergies Restarts Production in Denmark's Biggest Gas Field
- USA Oil and Gas Job Figures Jump
- Republican Lawmakers Say IEA Has Abandoned Energy Security Mission
- Blockchain Demands Attention in Oil and Gas
- Houthis Warn Saudi Arabia of Retaliation If It Backs USA Attacks
- Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day
- Summer Pump Prices Set to Hit $4 a Gallon Just as Americans Hit the Road
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Equinor Makes Discovery in North Sea
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension