ExxonMobil Exploration and Production Malaysia Inc, a subsidiary of Exxon Mobil Corp, has started natural gas production from the Telok field to meet increasing demand for natural gas in Peninsular Malaysia.
The field is located 200 kilometres offshore the east coast of Peninsular Malaysia in the South China Sea.
ExxonMobil in a statement today said the Telok A platform marked the first phase of the Telok gas development project under a gas production sharing contract between ExxonMobil as the operator and Petronas Carigali Sdn Bhd (PCSB).
ExxonMobil and PCSB each hold a 50 per cent interest in the project.
“It is one of several upstream investments announced under Malaysia’s Economic Transformation Programme (ETP) in 2011.
“It will see ExxonMobil and PCSB invest over RM10 billion in new oil and gas assets to help ensure reliable and sustainable energy supplies for Malaysia,” it added.
ExxonMobil Exploration and Production Malaysia Inc Chairman, J Hunter Farris said building on experience from ExxonMobil’s previous satellite fields development projects in Malaysia, the development concept of “design one, build many”, was utilised to efficiently develop it and shorten construction and installation timelines.
“ExxonMobil is committed to ensuring reliable gas supplies to the nation and to using international best practices to enhance our operations in Malaysia.
“The Telok project is another successful example of collaboration between ExxonMobil and PCSB in meeting Malaysia’s growing energy needs for the power and industrial sector,” he added. – Bernama