Mubadala Petroleum, the Abu Dhabi headquartered international energy company, has successfully commenced first gas production from the Pegaga gas field in Block SK 320, offshore Malaysia.
In a media statement released today, the company said that this milestone marks the safe and successful culmination of a challenging gas project, during a period in which Mubadala Petroleum navigated the challenges of the global pandemic. As a key strategic development for the local energy sector, Pegaga will be a key producing field supplying gas to PETRONAS LNG Complex, in Bintulu, Sarawak, Malaysia.
Mansoor Mohamed Al Hamed, CEO of Mubadala Petroleum, commented: “The Pegaga
achievement is a landmark for Mubadala Petroleum. Having taken this project from discovery
to development and now into production with the support of Malaysia Petroleum Management
(MPM), PETRONAS, our partners and contractors, this demonstrates our deep capabilities,
resilience and commitment as an energy provider. With our strategic focus on gas as a key
bridge fuel in the energy transition, this achievement reflects our ambition for the future as a
long-term investor and strategic energy partner.”
PETRONAS Senior Vice President of Malaysia Petroleum Management, Mohamed Firouz
Asnan said: “On behalf of PETRONAS, I would like to congratulate Mubadala Petroleum and
their partners on achieving this key milestone, as the Pegaga field is well positioned to
significantly contribute towards sustaining Malaysia’s gas supply for many decades to come.”
“The project, which undertook its Final Investment Decision at the time when the oil market
was still recovering in 2018, demonstrates the confidence of investors in Malaysia’s upstream
industry. The country’s ecosystem also proved its resiliency with the successful design and
fabrication of facilities completed during the peak of the COVID-19 pandemic.” he added.
Mubadala Petroleum has been present in Malaysia since 2010 and is the Operator of Block
SK 320 with a 55 percent interest. PETRONAS Carigali Sdn Bhd, a subsidiary of PETRONAS
holds 25 percent, with Sarawak Shell Berhad holding the remaining 20 percent interest.
The Pegaga gas field is located in the Central Luconia province, offshore Sarawak, Malaysia
at about 108-meter water depth. The development concept comprises of an Integrated Central
Processing Platform (ICPP) consisting of an 8-legged jacket. The facility is designed for gas
throughput of 550 million standard cubic feet of gas per day plus condensate. The produced
gas will be evacuated through a new 4 KM, 38-inch subsea pipeline tying into an existing
offshore gas network and subsequently to the onshore PETRONAS LNG Complex in Bintulu.
Media Release
At the height of the pandemic in Malaysia, the jacket and wellhead deck which were
constructed in Lumut and Kuching fabrication yards, were installed in April 2020 followed by
the Pegaga Development Drilling campaign. The ICPP float-over and installation was then
safely completed in August 2021.
