Thursday, 12 March 2015 02:15
Written by Audrey Raj
Sabah Shell Petroleum Co. Ltd., awarded Petra Energy Bhd‘s wholly owned subsidiary, Petra Resources Sdn Bhd, for the provision of topside maintenance execution services for the Gumusut Kakap floating production system.
This is Shell’s first deepwater platform in Malaysia, producing oil from the Gumusut-Kakap field, which lies in waters up to 1200m deep.
The duration of the contract is for 14 months, effective from 1 April 2015 and expires 31 May 2016. Revenues from this agreement will contribute positively to financial year 2015, said Petra Energy in a statement.
Last October Shell welcomed the start of oil production from the Gumusut-Kakap floating platform off the coast of Malaysia. The oil was transported to the Sabah Oil and Gas Terminal onshore at Kimanis, Malaysia via a 200km-long pipeline.
Gumusut-Kakap is expected to reach an annual peak oil production of around 135,000 b/d, once fully ramped up, contributing up to 25% of Malaysia’s oil output. It is a joint venture between Shell (33%, operator), ConocoPhillips Sabah (33%), PETRONAS Carigali (20%) and Murphy Sabah Oil (14%).