Japan’s JX to develop Malaysia’s Layang gas field

Dateline 2014-05-12, Reuters:

JX Nippon Oil & Gas Exploration Corp said on Monday it had decided to develop Layang gas field off the coast of the Malaysian state of Sarawak on Borneo island for an undisclosed sum, aiming to start production in April-June 2016.

Layang field, which is located about 8 km (5 miles) east of Helang gas field, now under production, in the same SK10 block, will have a floating production, storage andoffloading system (FPSO) installed, the company, a wholly-owned unit of JX Holdings, said in a statement.


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