Widespread field development, P&A programs in prospect offshore Malaysia
Petronas’ 2025-2027 Activity Outlook for Malaysia’s oil and gas sector predicts about 15 exploration wells annually over the next two years.
The company is targeting sustained production throughout the sector of 2 MMboe/d.
In exploration, the focus will be on shallow-water and deepwater prospects. As for development drilling, the NOV estimates that more than 400 wells will be drilled and 39 upstream projects executed during 2025-27.
Among the key projects the company highlights are the Kasawari offshore development and redevelopments of the Gumusut-Kakap, Bekok, Tabu and Seligi fields.
Planned activity includes construction of three offshore central processing platforms and installation of about 900 km of pipelines.
To optimize operations at producing fields and facilities, 367 facilities improvement plans will likely go forward annually over the period, notably the KGA pipeline replacement and F6 rejuvenation gas turbine generator replacement projects.
Decommissioning plans include the P&A of roughly 153 wells and abandonment of 37 offshore facilities.
Petronas plans platform complex for Hidayah oil project offshore Indonesia
In January, Petronas subsidiary PC North Madura II committed to develop the Hidayah oil field in the North Madura II contract area offshore East Java, Indonesia. The plan calls for an unmanned integrated wellhead and central processing platform, and a floating storage and offloading (FSO) unit with living quarters and a central control room.
ConocoPhillips takes on stewardship of offshore Malaysia gas PSC
Petronas transferred operatorship of the Kebabangan Cluster Production Sharing Contract (KBBC PSC) offshore Malaysia to ConocoPhillips Sabah Gas late last month. Kebabangan Petroleum Operating Co., a joint venture between Petronas Carigali, Shell Energy Asia and ConocoPhillips Sabah Gas, was the previous operator.
