Petronas to invite K5 bids

July 9, 2017

Dateline 2017-06-01, Upstream Online:

Asian offshore builders are standing by to receive an invitation to bid for a mobile offshore production unit bound for the shallow-water K5 sour gas field off Sarawak, Malaysia, writes Russell Searancke.

Initial production will be about 250 million cubic feet per day of gas, which will be sent by subsea pipeline to the ninth train at Petronas’ liquefied natural gas complex in nearby Bintulu.

The field operator Petronas earlier this year conducted a type of pre-qualification exercise which attracted the interest of many offshore builders in Asia.

Yards from Malaysia, Thailand, China and South Korea are understood to have expressed an interest to Petronas in pursuing the engineering, procurement, construction, installation and commissioning contract.

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Petronas to spend US$1 bln to develop gas field

March 1, 2015

Before or after the oil crash of ’14?

Dateline 2014-12-12, Borneo Post Online:

Petronas, through its upstream arm, Petronas Carigali Sdn Bhd, will invest between US$500 million and US$1 billion to develop the K5 high carbon dioxide (CO2) concentration gas field off the coast of Sarawak until 2018.

For this purpose, Petronas Carigali has entered into an agreement with four companies, namely Technip Consultant (M) Sdn Bhd, UOP Malaysia Sdn Bhd, Twister BV and Generon Asia Sdn Bhd to provide the technology for the gas extraction.

Petronas Carigali head technology, technical global (sic) Dr Nasir Darman said Petronas would develop the world’s first offshore CO2 cryogenic distillation facility to enable it to recover four trillion square cubic feet (TSCF) of hydrocarbon gas from the 21 TSCF gas reserve at the field.

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