ExxonMobil To Develop Bintang Field

ExxonMobil announced plans to develop the Bintang field in the South China Sea to help meet growing gas demand in Malaysia.

ExxonMobil, as operator, and its co-venturer Petronas Carigali Sdn Bhd, have accelerated the development of the Bintang field under the terms of its Gas Production Sharing Contract with Petronas. Cost of the development is US$150 million.

Terry Koonce, president of ExxonMobil Production Company, said this project is an example of the commitment the co-venturers share in working together to help meet Malaysia's medium and long-term energy needs.

"The Bintang project is another example of how technological advances and international best practices are being applied to our operations in Malaysia to maximize the economic recovery and value of every field we operate. Similar to several of our other South China Sea satellite projects, the Bintang development will use a minimum facility design concept to shorten construction and installation times and improve operating efficiency, thus allowing earlier and more cost-effective development of the field," said Koonce.

Approximately 1 trillion cubic feet of gas will be developed in the Bintang field, located 137 miles off the coast of Terengganu. Two remotely operated platforms, Bintang A and B, are scheduled to be installed in the third quarter 2002, with drilling planned to start in the fourth quarter, and gas production commencing shortly thereafter. Production will peak at around 355 million cubic feet per day.

Bintang A and B, which will be 100 percent designed and constructed in Malaysia, are three-legged structures with capacity for 10 wells. Gas from the Bintang field will flow via seven miles of new pipeline to Lawit A for processing, and then to shore via existing pipelines.

ExxonMobil Corporation's subsidiary, ExxonMobil Exploration and Production Malaysia Inc., (formerly known as Esso Production Malaysia Inc), is the largest oil producer in Malaysia and largest supplier of gas to Peninsular Malaysia, producing approximately 280 thousand barrels of oil and 1.4 billion cubic feet of gas per day. Bintang is being developed under a Gas Production Sharing Contract with 50:50 co-venturer Petronas Carigali Sdn Bhd (PCSB), a subsidiary of Malaysia's national oil company, Petronas.