PETRONAS to develop four marginal fields

Jom, let’s have bids by a kampung or daerah cooperative. 1HLDB anyone?

Dateline 2019-12-24, The Edge:

PETROLIAM Nasional Bhd (Petronas) has launched a new licensing round for four marginal field clusters, with the bidding process open from October 2019 to May 2020, according to the national oil firm’s Activity Outlook 2020-2022.

Described as discovered resources opportunities (DRO) clusters, they are the Diwangsa and Rhu-Ara shallow water clusters located off the shores of Peninsular Malaysia, and the Kerisi and Bambazon clusters located offshore Sabah.

The Diwangsa cluster comprises four fields about 275km off the shores of Kemaman, Terengganu, while the Rhu-Ara cluster comprises two fields 150km from the shores of Pahang.

The Kerisi cluster, 115km from the shores of Sabah, contains four fields with water depths averaging 1,200m to 1,500m. The Bambazon cluster comprises two shallow water fields around 20km offshore northwest Sabah.

It has been six years since the national oil firm shelved the development of marginal oilfields in the country.

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