Search DubaiPRNetwork.com

Home >> Energy and Industry

Pegaga Gas Development in Malaysia Approved

Wednesday, March 21, 2018/ Editor -  

Share

Home >> Energy and Industry

Abu Dhabi, 21 March 2018:  Mubadala Petroleum and its partners PETRONAS Carigali Sdn Bhd (PETRONAS Carigali) and Sarawak Shell Berhad have reached the Final Investment Decision for the Pegaga gas field development in Block SK 320, offshore Malaysia.

The project will now proceed to the construction and installation stage.

Mubadala Petroleum is Operator of Block SK 320 with 55 percent interest, PETRONAS Carigali holds 25 percent, and Sarawak Shell Berhad 20 percent interest respectively.

Mubadala Petroleum and its partners are expected to invest in excess of USD 1 billion into the development with first gas expected by third quarter of 2021.

Dr Bakheet Al Katheeri, CEO of Mubadala Petroleum, commented: “The Pegaga gas project is Mubadala Petroleum’s first development in Malaysia and represents an important milestone for us to have brought Pegaga from discovery to the point of sanction with the support from PETRONAS and our partners.

Our efforts will now be directed to working closely with our partners and contractors to deliver Pegaga into production on budget and time but most importantly safely.”

Mubadala Petroleum has been present in Malaysia since 2010.

The Pegaga gas field is located in the Central Luconia province, offshore Sarawak at about 108 meter water depth.

The development concept comprises of an Integrated Central Processing Platform (ICPP) consisting of an 8-legged jacket.

The facility is designed for gas throughput of 550 million standard cubic feet of gas per day plus condensate.

The produced fluids will be evacuated through a new 38 inch subsea pipeline tying in to an existing offshore network and subsequently to the onshore Malaysia LNG plant in Bintulu.

Subsequently, Mubadala Petroleum has issued the letter of award for the Engineering, Procurement, Construction, Installation & Commissioning (EPCIC) contract for the Pegaga gas development to Sapura Fabrication Sdn Bhd, a wholly owned subsidiary of Sapura Energy Berhad. 

 


Previous in Energy and Industry

Next in Energy and Industry


Home >> Energy and Industry Section

Latest Press Release

Mubadala illuminates IPIC Square and Abu Dhabi Global Market

Ericsson, Telstra and Intel achieve first end-to-end multi-vendor 5G commercial ...

Etisalat iconic buildings light up in red to celebrate Special Olympics' 50th an ...

Dubai Culture Participates in ‘UAE China Week 2018'

Roger Dubuis and Lamborghini Squadra Corse thrill visitors with enthralling Harr ...

Etihad Aviation Group Sign Major Agreement With Jiangsu Provincial Overseas Coop ...

UAE Team Emirates' Alexander Kristoff Narrowly Misses Out on a Stage Win in a Ti ...

Mimecast Opens Early Adopter Program for New Web Security Service

Etihad Airways Celebrates President Xi Jinping's Visit With a Series of Cultural ...

Aster Hospital, Mankhool opens state-of-art Cath lab with advanced Cardiovascula ...

Finnair launches best in market in-flight internet service on European flights; ...

Huawei CBG Continues to Drive the Global Innovation Agenda

Rashid Hospital doctors save life of elderly patient by performing first-of-its- ...

The wide-awake, doe-eyed look

Dubai's first industrial and commercial REIT launches Manrre set to Raise AED 33 ...

The Factors that Trigger Infertility are Common in Men & Women

Shop & Win this Weekend with Unbeatable ‘Unbox the Amazing' Deals and Promotions ...

Hyperloop Transportation Technologies to Build China's First Hyperloop System

Currency Swaps Through Renminbi Clearing Centre Boost UAE – China Trade

Al Maya Group's Kamal Vachani leads large UAE delegation to Vietnam, meets minis ...