Offshore Oil & Gas Future Development

Petroliam Nasional Berhad (PETRONAS) is pleased to announce that the Angsi field, jointly developed by PETRONAS Carigali Sdn Bhd and ExxonMobil Exploration and Production Malaysia Inc, has successfully produced its first oil and gas on 21 December 2001, six months ahead of schedule.

The field began its oil production with an initial flow of 15,000 barrels per day (BPD), while its gas production started at about 60 million standard cubic feet per day (SCFD). At its peak, the field is expected to produce about 65,000 BPD of oil and 450 million SCFD of gas, which is equivalent to 10 per cent and 17 per cent respectively of the country’s current total oil and gas production. (more…)