Petronas begins oil production in Banang field

Dateline 2014-09-05, Asia One Business:

Petroliam Nasional Bhd (Petronas) has commenced oil production from the Banang field – part of the Kapal, Banang and Meranti (KBM) cluster of marginal fields awarded to a consortium of Coastal Energy Co and Petra Energy Bhd – on July 15, three months ahead of schedule.

The national oil company said in a statement yesterday that Banang was the second field under the KBM risk service contract (RSC) to have achieved first oil after the Kapal field came onstream in December last year.

This makes the KBM cluster, located offshore Peninsular Malaysia, the third RSC to successfully reach oil production after the Balai cluster and Berantai field, Petronas said


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