SapuraOMV Begins Production from Malaysian Gas Field
07.11.2024 By Tank Terminals - NEWS

July 11, 2024 [Offshore Energy]- Malaysia’s independent gas producer and operator SapuraOMV Upstream, soon-to-be completely owned by French energy giant TotalEnergies, has begun gas production from its Jerun field offshore Sarawak.

 

Discovered in 2015 and having reached a final investment decision (FID) in March 2021, the Jerun platform is designed to produce up to 550 million cubic feet of gas per day, with condensate production of 15,000 barrels per day during peak production.

The gas will be evacuated through a new 80-kilometer pipeline into the E11RB production hub, for onward delivery to Malaysia LNG terminal in Bintulu.

SapuraOMV reported on July 9 that it had commenced gas production from the field under the SK408 production sharing contract (PSC).

TotalEnergies announced in April it would become the sole owner of the company. Namely, the energy giant first inked a deal with OMV to acquire its 50% interest in SapuraOMV and then signed an agreement with Sapura Upstream Assets to obtain its entire stake in the company. Thanks to this, the French giant will own 100% of SapuraOMV.

The acquisition is expected to be completed in the second half of 2024, enabling TotalEnergies to own SapuraOMV’s main assets in full, encompassing 40% operated interest in block SK408 and 30% operated interest in block SK310, both located offshore Sarawak in Malaysia.

 

Free Trial: Access 13,300 Tank Terminal and Production Facilities

13,300 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

New SAF Unit 4 Under Development at Chane Terminal Botlek
09.16.2024 - NEWS
September 16, 2024 [Chane]- Construction of SAF Unit 4, an expansion of Sustainable Aviation Fuel... Read More
Peru Approves $1.75 Billion in Financing for State Oil Firm
09.16.2024 - NEWS
September 16, 2024 [Reuters]- Peru’s government said on Saturday it has approved financing ... Read More
China Stored Massive Volumes of Crude Oil in August on Soft Prices
09.16.2024 - NEWS
September 16, 2024 [Reuters]- China boosted crude oil inventories in August by the biggest amount... Read More
Gevo to Acquire Red Trail Energy’s Assets for $210m
09.16.2024 - NEWS
September 16, 2024 [Offshore Technology]- Gevo is set to enhance its net-zero fuel production ca... Read More