Offshore staff
BANDAR SERI BEGAWAN, Brunei – Malaysia, through its national oil company Petronas, has formalized a unitization agreement (UA) with the government of Brunei Darussalam for the Gumusut-Kakap and Geronggong-Jagus East fields which straddle along the Malaysian-Brunei maritime boundary.
The formalized UA establishes the platform for the joint development of the fields by Petronas and the National Unitisation Secretariat of Brunei to further enhance the value derived from these assets for both countries.
The Gumusut-Kakap field is in 1,200 m (3,937 ft) of water about 121 km (75 mi) offshore Sabah, Malaysia. Production began in October 2014 from Shell’s first deepwater platform offshore Malaysia.
Gumusut-Kakap is a joint venture between Shell (29.05%, operator), ConocoPhillips (29.05%), Petronas Carigali SDN. BHD. (16.8%), Brunei Contractors (16%), PTTEP Sabah Oil Ltd. (6.37%), and Pertamina (2.73%).
04/05/2021
