PETRONAS today announced that North Malay Basin (NMB) Phase 3 project in Block PM302, has recently achieved its first gas production
Hess Exploration and Production Malaysia B.V (Hess), a subsidiary of the U.S. oil and gas company Hess Corporation, operates Block PM302, that is located 290 kilometres offshore Peninsular Malaysia.
Hess holds 50 per cent of participating interest while Petronas Carigali holds the remaining 50 per cent.
The NMB Phase 3 project was sanctioned in 2019 and is part of a multi-phase development. It includes the installation of the new Bergading-B Wellhead Platform that adds another 100 million cubic feet per day (MMscfd) of gas supply from Block PM302, bringing the total production to 400 MMscfd
PETRONAS Senior Vice President of Malaysia Petroleum Management (MPM), Mohamed Firouz Asnan said, “We are pleased that Hess has taken a long-term view of the business in Malaysia across industry cycles, demonstrating confidence in Malaysia’s upstream industry. Together, we have continued to develop the NMB project to unlock the full potential of the block.
This is a major milestone for both partners, as the NMB Phase 3 project is key in sustaining Peninsular Malaysia’s gas supply amid rising demand.”
“The close collaboration between Block PM302 parties and their service providers in overcoming challenges during the pandemic delivered this successful completion, which reflects the overall resilience of the Malaysian Upstream ecosystem,” he added.
Source: Petronas
