Submitted by Paddy Harris on 12th November 2014
“This is the third major project start-up planned in Malaysia this year, with Siakap North-Petai brought on stream in the first quarter and the Gumusut-Kakap floating production facility starting up in October,” said Matt Fox, executive vice president, Exploration and Production.
“These projects will contribute to the company’s organic growth over the coming years.”
Production will ramp-up as pipeline capacity becomes available.
The Kebabangan integrated drilling and production platform is located in a water depth of approximately 450 feet.
Production from the field will initially utilise six wells with gas exported via pipeline to the Sabah Oil and Gas Terminal in Kimanis.
The field is operated by Kebabangan Production Oil Company, a joint operated company with ConocoPhillips Sabah Ltd. and Shell Energy Asia Ltd. each holding a 30 per cent interest and Petronas Carigali Sdn Bhd holding a 40 per cent interest.
Project start-ups in Malaysia are expected to add approximately 60,000 barrels of oil equivalent per day (BOED) to ConocoPhillips production volumes by 2017.
The addition of these high-margin barrels are an important part of the company’s overall plan to deliver annual three to five per cent production and margin growth.