SapuraKencana unit to sell gas to Petronas

Datuk Noraini Ahmad Datuk Dzulkifli Mahmud (left) and Turkey Embassy Ahmet Dogan Malaysia-Turkey Business Seminar

SAPURAKENCANA Energy Sarawak Inc, a wholly-owned subsidiary of SapuraKencana Petroleum Bhd, has signed an agreement to sell gas from its B15 Gas Field to Petroliam Nasional Bhd (Petronas).

The SK310 Upstream Gas Sales Agreement also involves Production Sharing Contract (PSC) contractors as joint sellers.

SapuraKencana Energy is the operator of Block SK310 PSC, which was awarded by Petronas on June 17 2008.

SapuraKencana Energy and Diamond Energy Sarawak Sdn Bhd, a subsidiary of Mitsubishi Corporation, each has a 30 per cent interest, with the rest owned by Petronas Carigali Sdn Bhd.

The B15 Gas Field, discovered in December 2010, is located within the SK310 PSC area, offshore Sarawak.

The development comprises a central processing platform with a 35km gas evacuation pipeline to be tied into the existing infrastructure.

The B15 Gas Field will deliver gas to the Malaysia Liquefied Natural Gas complex in Bintulu.

The first gas delivery is scheduled to commence in the fourth quarter of next year.

“I would like to thank Petronas and the SK310 joint-venture partners for their efforts in getting the project to realisation.

“The SK310 UGSA marks SapuraKencana Energy’s first participation in a gas sales agreement for (Sabah and Sarawak),” said SapuraKencana Petroleum president and group chief executive officer Tan Sri Shahril Shamsuddin in a statement yesterday.

UPSTREAM AGREEMENT: First delivery from B15 field to the LNG complex in Bintulu to start in Q4 next year

Malaysia External Trade Development Corporation (Matrade) chair (centre), Matrade chief executive officer deputy head of mission at the press conference in Kuala Lumpur yesterday. Pic by Abdullah Yusof