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PETRONAS SIGNS GAS SUPPLY AGREEMENTS
PETRONAS has signed two gas sales agreements (GSA) with Murphy Oil and PETRONAS Carigali Sdn Bhd for the supply of gas from the fields in Blocks SK309 and SK311, and from the Kikeh field, offshore Sarawak and Sabah respectively.
Under the agreements, Murphy Oil and PETRONAS Carigali as sellers will supply 250 million standard cubic feet per day (mmscfd) of gas from the two blocks to the PETRONAS LNG Complex in Bintulu for an initial firm period of five years, with a provision to supply up to 350 mmscfd for another 10 years. (more…)
PETRONAS SIGNS GAS SUPPLY AGREEMENTS
PETRONAS has signed two gas sales agreements (GSA) with Murphy Oil and PETRONAS Carigali Sdn Bhd for the supply of gas from the fields in Blocks SK309 and SK311, and from the Kikeh field, offshore Sarawak and Sabah respectively.Under the agreements, Murphy Oil and PETRONAS Carigali as sellers will supply 250 million standard cubic feet per day (mmscfd) of gas from the two blocks to the PETRONAS LNG Complex in Bintulu for an initial firm period of five years, with a provision to supply up to 350 mmscfd for another 10 years.
The sellers also agreed to supply 120 mmscfd of associated gas from the Kikeh field, which is in the deepwater Block K, to the PETRONAS Methanol plant in Labuan for an initial firm period of four years, and to continue the supply thereafter until the depletion of the field’s reserve. (more…)
PRIME MINISTER OFFICIATES THE GROUND BREAKING OF SABAH OIL AND GAS TERMINAL
The Prime Minister of Malaysia Dato’ Seri Abdullah Haji Ahmad Badawi, today officiated the ground breaking ceremony of the Sabah Oil and Gas Terminal (SOGT) project at Kimanis, in the Papar District of Sabah. The ceremony was also attended by the Chief Minister of Sabah Datuk Seri Musa Haji Aman and other State officials, PETRONAS President & Chief Executive Tan Sri Dato Sri Mohd Hassan Marican and senior officials of PETRONAS.Covering an area of 250 acres, the SOGT is a main component of the Integrated Oil and Gas Infrastructure Project of Sabah that also comprises the development of the oil and gas fields offshore Sabah and the construction of a 500 km gas pipeline to the PETRONAS LNG Complex in Bintulu, Sarawak.
Construction of the terminal will commence in June 2007 and is scheduled to be operational by January 2010. Once completed, the terminal will be able to receive, store and export crude oil as well as to receive, process, compress and transport the gas produced from the fields offshore Sabah, namely Gumusut/Kakap, Kinabalu Deep & East, Kebabangan and Malikai. (more…)