PETALING JAYA: PETRONAS Carigali Sdn Bhd, a wholly-owned subsidiary of Petroliam Nasional Bhd (PETRONAS), has signed a memorandum of understanding (MoU) and two technical assistance agreements (TAAs) with PTT Exploration and Production (PTTEP).
In a statement, PETRONAS Carigali said the MoU covered the scope of potential evacuation of production from Block SK405B through D35/D21/J4 production sharing contract (PSC) facilities, Post 1976 Balingian PSC facilities and Bintulu Crude Oil Terminal.
It said the first TAA covered the study and design works for Block SK405B fields into the same PETRONAS Carigali-operated facilities.
The second TAA is for the assistance of engineering design for the potential construction, tie-in works, pipeline and cable crossings of Block SK410B for Lang Lebah’s gas evacuation to the Bintulu Additional Gas Supply Facilities 2, as well as for the potential production and handling of Lang Lebah’s condensate at the Bintulu Integrated Facilities.
Signing the MoU and the TAAs on behalf of PETRONAS Carigali was Sarawak Asset senior general manager Anuar Ismail, while PTTEP was represented by its country manager, Kanok Intharawijitr.
Anuar said, “This collaboration would enable both parties to drive progress by leveraging on PETRONAS Carigali’s expertise and technology through continued focus on cost optimisation and operational excellence to ensure supply security, particularly in Sarawak.
“We look forward to working together with PTTEP towards our common aspiration in growing Malaysia’s energy industry in the long run,” he added.
Meanwhile, Kanok said, “PTTEP is delighted with this collaboration with PETRONAS Carigali and looks forward to its continued growth in the country, under the stewardship of Malaysia Petroleum Management, PETRONAS, as the nation’s custodian of petroleum resources.
“Currently, we operate eight PSCs in Sarawak with a production volume of 15 thousand barrels of oil per day and 200 million standard cubic feet per day of crude and gas, respectively.
“In Sarawak, we have a number of developments forthcoming including SK410B and SK405B. We highly appreciate and value this collaboration a lot since it will enable the parties to advance the success of our projects,” he added.
With a keen focus on supporting the domestic energy industry, PETRONAS Carigali continues to collaborate with industry partners as part of its deliberate steps in accelerating a sustainable portfolio to produce energy responsibly, in line with PETRONAS’ net-zero carbon emissions by 2050 Pathway.
