Sarawak Shell Berhad and its partners PETRONAS Carigali Sdn Bhd. and Sapura Exploration and Production (Sarawak) Inc. (Sapura E&P) are pleased to announce that following Field Development Plan approval from PETRONAS they have taken Final Investment Decision (FID) on the development of the Gorek, Larak and Bakong fields in the SK408 Production Sharing Contract.
The fields will be developed as three separate wellhead platforms tied back to the existing Sarawak Shell Berhad operated F6 processing facility.
Sapura Energy Bhd today announced that its wholly-owned subsidiary, Sapura Exploration and Production (Sarawak) Inc. (formerly known as SapuraKencana Energy Sarawak Inc.; “Sapura E&P”) and its partners, PETRONAS Carigali Sdn Bhd and Sarawak Shell Berhad, have taken Final Investment Decision (“FID”) to develop the Gorek, Larak and Bakong fields as phase 1 in the SK408 Production Sharing Contract.
The FID follows the Field Development Plan approval from Petroliam Nasional Berhad and concurrently, the signing of the key terms to the gas sales agreement for phase 1 of the SK408 gas field development.
Petroliam Nasional Bhd (Petronas) through its subsidiary, Malaysia LNG Sdn Bhd (MLNG) has delivered its first liquefied natural gas (LNG) to Japan’s Hokuriku Electric Power Company on March 17.
The delivery is the beginning of MLNG’s supply to Hokuriku Electric via a Sale and Purchase agreement (SPA) signed on December 6, 2016.