Dateline 2015-05-12, Rigzone:
ExxonMobil Exploration and Production Malaysia Inc., a subsidiary of Exxon Mobil Corporation, announced recently the startup of natural gas production from the second phase of the Telok gas development project, the Telok B platform located off the east coast of Peninsular Malaysia.
The Telok development consists of two satellite platforms – Telok A, which started up in 2013, and Telok B. Both platforms combined are capable of producing more than 450 million cubic feet per day (MMcf/d) of natural gas.
The Telok field was developed under a gas production sharing contract between ExxonMobil, as the operator, PETRONAS Carigali Sdn Bhd (PETRONAS Carigali), and PETRONAS to help meet demand for natural gas in Peninsular Malaysia. ExxonMobil and PETRONAS Carigali each hold a 50 percent interest in this project. Telok is one of several upstream investments announced under Malaysia’s Economic Transformation Programme in 2011, which saw ExxonMobil and PETRONAS Carigali invest more than $2.76 billion (MYR 10 billion) in new oil and gas assets to help ensure reliable and sustainable energy supplies for Malaysia.