SapuraOMV Achieves First Gas from Larak Field Offshore Malaysia

SapuraOMV Upstream has achieved within budget first production from its Larak gas field offshore Malaysia under the SK408 Production Sharing Contract (PSC).

The SK408 gas fields are part of discoveries made by SapuraOMV in a drilling campaign in 2014. They are tied back to an existing processing facility and gas is transported through existing pipelines for onward gas processing at Petronas LNG complex in Bintulu.

“This achievement will strengthen our presence in the existing market, propelling us to become one of the most significant gas producers in the country and in the region,” said SapuraOMV chairman Shahril Shamsuddin.

Johann Pleininger, executive board member responsible for upstream and deputy chairman of OMV, added, “This production start is a positive signal and demonstrates OMV’s commitment to the Asia-Pacific hub. It shows once more the strengthening of the gas focus in our production portfolio.”

The SK408 development’s goal is to commercialise gas reserves from the Gorek, Larak and Bakong fields to help meet Asia’s growing gas demand.

SK408 is SapuraOMV’s second major upstream gas development project in East Malaysia.

SapuraOMV’s partners under SK408 PSC are Sarawak Shell Berhad (30 percent) and Petronas Carigali Sdn. Bhd (30 percent).

SapuraOMV Upstream is a joint venture between Malaysia’s Sapura Energy and Austrian energy group OMV Exploration & Production GmbH.

Source: Rigzone