Gumusut-Kakap deepwater field achieves first oil production

KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS) has announced that the Gumusut-Kakap (GK) Phase 3 deepwater development off the coast of Sabah achieved its first oil production on July 31, 2022.

Sabah Shell Petroleum Co Ltd (SSPC) is the operator of the GK project, in partnership with PETRONAS Carigali Sdn Bhd, ConocoPhilips Sabah Ltd, PTT Exploration and Production Public Company Ltd and PT Pertamina Malaysia Eksplorasi Produksi.

The national oil company said in a statement that upon completion in Q1 2023, the two new oil producer wells and two water injector wells will add about 25,000 barrels per day to GK's existing production capacity.

PETRONAS Senior Vice President of Malaysia Petroleum Management (MPM) Mohamed Firouz Asnan said the delivery of new production from GK Phase 3 represents yet another milestone in the development of this world-class field, further unlocking its full potential.

“We are very proud of the tremendous efforts of our petroleum arrangement contractors including our service providers who, with the strong support by the Sabah State Government, managed to overcome the challenges faced by the project especially during the height of the pandemic. It is a real testament of the resilience of the local oil and gas ecosystem.”

"Whilst the shallow inboard areas continue to underpin the country’s production, the future lies in the deepwater plays which makes up a quarter of our offshore acreages," he added.

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

PETRONAS , Gumusut-Kakap , deepwater , oil , Shell


Next In Business News

Macau casino giants win licence renewals, Malaysia's Genting loses bid
Oil prices fall 2% as Chinese demand worries linger
China investors identify trigger points to buy
More than meets the eye in courier industry
Energy security is global priority in 2023
Asia’s richest man makes US$5bil bet to silence debt-obsessed critics
The crypto bubble of the worst kind
ESG in real estate gains traction
Poll: UK house price rally to end next year but no big crash seen
The rise and fall of FTX

Others Also Read