May 15, 2011
KUALA LUMPUR (Dow Jones)–A joint venture of Petroliam Nasional Bhd.’s upstream unit and units of ConocoPhillips (COP) and Royal Dutch Shell (RDSB.LN) will develop the Kebabangan gas field located offshore Sabah in East Malaysia, the company said Monday.
Kebabangan Petroleum Operating Co. is 40% owned by Petronas Carigali Sdn Bhd., while ConocoPhillips Sabah Gas Ltd. and Shell Energy Asia Ltd. own 30% each.
The field is located in water depths of 100-400 meters and is included in the Kebabangan Cluster Production Sharing Contract.
The project will include a 12-well, two-phase drilling campaign and the fabrication and installation of an integrated drilling and production platform with living quarters, the company said.
-By K.P. Lee, Dow Jones Newswires; (603) 2026 1233; [email protected]
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