Dateline 2016-03-24, E&P:
Malaysia continues to position itself as a regional hub for oil and gas in Asia as it looks to grow production by 5% annually by 2020.
Most of the growth is expected to come from enhancing output from existing fields and from new marginal fields coming onstream, delegates at OTC Asia heard.
Deep water is also a key area of growth for the country with nearly $6 billion expected to be invested in such projects by 2020.
Shell’s Malikai tension-leg platform project (TLP) is the latest in a line of deepwater projects in Malaysia, following the Gumusut-Kakap project and Murphy’s Kikeh FPSO scheme.
Malikai is progressing well with the completed TLP having been skidded onto the White Marlin heavylift vessel this week ready for transportation to the field toward the end of April.