ExxonMobil
announces first production from Bintang Gas Field in South China
Sea
Posted: 26 February 2003
IRVING, Texas (BUSINESS WIRE) — Exxon Mobil
Corporation announced today the commencement of first production
from the Bintang Gas Field located in the South China Sea.
Located 137 miles offshore Terengganu, Malaysia, the Bintang Field
is expected to produce approximately 1 trillion cubic feet of gas with
a peak production rate of 355 million cubic feet per day. Gas from
two Bintang platforms, A and B, will flow via 7 miles of new pipeline
to Lawit A for processing, and then to shore via existing pipelines.
Bintang is the second field to be developed under a Gas Production
Sharing Contract (GPSC) with PETRONAS Carigali, a subsidiary of
Malaysia's national oil company, PETRONAS, and ExxonMobil, operator
of the 50-50 joint venture.
ExxonMobil and PETRONAS Carigali advanced the development of the
Bintang Field under the terms of the GPSC to meet increasing national
demand for gas on the Malaysian peninsula.
Terry Koonce, president of ExxonMobil Production Company, said
the Bintang project is another successful collaboration between the
co-venturers in meeting Malaysia's medium and long-term energy needs.
"ExxonMobil is committed to ensuring reliable gas supplies
to Malaysia, and to utilizing international best practices to enhance
its local operations," stated Koonce. "For the Bintang development,
advancing the project required innovative solutions to maximize
the economic value of the field."
Koonce also noted that Bintang is yet another example of the
benefits derived from ExxonMobil's industry-leading technology and
project execution practices. "Our objective at Bintang and
worldwide
is to continue to leverage our worldwide experience to dramatically
lower costs while increasing production potential," Koonce
said.
The project, which required more than one million work hours to
complete, was executed without a single lost-time injury to workers.
Total project development cost is estimated at approximately (US)
$80
million excluding drilling costs. A total of 10 wells are planned
to
be drilled this year.
Exxon Mobil Corporation, through its Malaysian Upstream affiliate,
ExxonMobil Exploration and Production Malaysia Inc., is the largest
crude oil producer in Malaysia and supplies two-thirds of Peninsular
Malaysia's natural gas needs, producing approximately 280,000 barrels
of oil (kbd) per day and 1.3 billion cubic feet of gas (bcfd) per
day.
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