Angsi Comes On Stream

Petronas reports that its Angsi field in the South China Sea produced its first oil and gas last week, six months ahead of schedule. The Angsi field is being jointly developed by Petronas and ExxonMobil.

The field began with an initial flow of 15,000 barrels per day (bpd), while its gas production started at about 60 million standard cubic feet per day. At its peak, the field is expected to produce approximately 65,000 bpd of oil and 450 million cubic feet per day of gas.