Tuesday, 8 August 2017

Hess starts full field development of North Malay gas field

Independent U.S. firm Hess has announced that it has commenced full-field development of the North Malay basin project offshore Malaysia.

The North Malay Basin Block PM302 is located approximately 186 miles (300 km) offshore the Trengganu Gas Terminal in the Gulf of Thailand.

In its second quarter results update, Hess said that the hook-up of the topsides for the central processing platform was completed in the quarter and first production of natural gas commenced in mid-July with commissioning activities ongoing.

"We are still in the process of commissioning the field and expect net production to reach its planned plateau rate of 165 million cubic feet per day of natural gas during the third quarter," said chief executive John Hess.

Hess is the operator of the development with a 50-per cent working interest. Petronas Carigali, also Hess’ partner in the adjacent Block A-18 located in the Malaysia–Thailand Joint Development Area (JDA), owns the remaining 50-per cent working interest.