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Borneo, Sarawak, Sarawak Corridor of Renewable Energy (SCORE), Sarawak Economy

Petronas and Total to explore potential of Sarawak gas field

PETRONAS will work with French multinational oil company Total to explore the development and production potential of K5, a high-carbon dioxide gas field offshore Sarawak.

Discovered in 1970, K5 is a sour gas field with up to 70 per cent carbon dioxide content located about 230km from Bintulu, in a water depth of 80 metres.

This is right in the area of the Sarawak Corridor of Renewable Energy (SCORE).

Petronas said that if the project is viable, K5 will be the first gas field with over 50 per cent carbon dioxide content to be developed in Malaysia.

The joint study with Total is set to start immediately and take 15 months to complete.

“The scope of the study will also include the development of carbon dioxide management technologies in the areas of carbon capture, transportation and sequestration,” Petronas said in a statement.

Total has operations in more than 130 countries. It is the fifth largest publicly-traded integrated international oil and gas company in the world.

Its businesses cover the entire oil and gas chain, from crude oil and natural gas exploration and production to power generation, transportation, refining, petroleum product marketing, and international crude oil and product trading.

Hopefully at the end of 15 months there will be excellent news for Sarawak and Malaysia. Great stuff.

The report from Business Times:

Petronas, Total to study production potential of K5 gas field

KUALA LUMPUR: National oil company Petroliam Nasional Bhd (Petronas) has teamed up with Total of France to study the development and production potential of K5, a high-carbon dioxide gas field offshore Sarawak.

In a statement yesterday, Petronas said that if the project is viable, K5 will be the first gas field with more than 50 per cent carbon dioxide content to be developed in Malaysia.

It is located about 230km from Bintulu, in water depth of 80 metres.

Yesterday, Petronas signed a heads of agreement (HOA) with Total to carry out the study, which is set to commence immediately and take 15 months to complete.

Under the HOA, Petronas’ newly-established research unit, Exploration and Production Technology Centre, and Total will explore the possibility of developing the field in ways that are technically, commercially and environmentally viable.

“The scope of the study will also include the development of carbon dioxide management technologies in the areas of carbon capture, transportation and sequestration,” it said.

As more discovered gas resource in Malaysia contains high carbon dioxide, Petronas said it is important that it develops the expertise and technological know-how to handle the resource in the safest, most responsible manner.

“The application of new technologies is part of Petronas’ continuous efforts to ensure the security of energy and gas supply to the nation,” the company said.

At the signing of the agreement, Petronas was represented by its vice-president of petroleum management Ramlan Abdul Malek, while Total was representated by its general manager of E&P Malaysia, Vincent Dutel.

Total has operations in more than 130 countries. It is the fifth largest publicly-traded integrated international oil and gas company in the world.

The Bernama report:

Petronas, Total To Study Development And Production Potential Of Gas Field

KUALA LUMPUR, March 28 (Bernama) — Petronas has signed a heads of agreement (HOA) with Total of France to jointly study the development and production potential of K5, a high carbon dioxide gas field offshore Sarawak.

In a statement today, Petronas said under the HOA, its new upstream research unit, Exploration and Production Technology Centre, and Total would explore the possibility of developing the field in ways that were technically, commercially and environmentally viable.

It said the study was set to commence immediately and would take 15 months to complete.

“If the study finds it viable, K5 will be the first gas field with over 50 per cent carbon dioxide content to be developed in Malaysia,” it said.

— BERNAMA

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