Exxon Affiliate To Install Two More Platforms Offshore Malaysia
The Raya field development represents the first oil project in the PM-8 Production Sharing Contract (PSC) area. The Raya-A platform will be used to develop the North Raya and Yong fields and act as a gathering platform for future development in the surrounding area. Oil from Raya-A will be transported via pipeline to the Seligi-A platform complex, a facility designed to receive production from numerous satellite platforms. The oil will then be transported through the Tapis Pipeline System to the Terengganu Crude Oil Terminal at Kerteh. Oil production from Raya-A is expected to peak at about 24,000 barrels per day.
Seligi-F will be the seventh Seligi field producing platform to be installed in the 1995 PSC area. Oil from the 32-well Seligi-F platform will flow to the existing Seligi-D platform for further transmission to Seligi-A. Seligi-F production is expected to peak at about 23,000 barrels per day.
Total cost for developing the Raya field and Seligi F is estimated at about $270 million. Contracts for the fabrication of these platforms, totaling about $48.5 million, have been awarded to two Malaysian companies. Under the terms of the contracts, Sime Sembawang Engineering (SSE) will fabricate the jackets while Malaysian Shipyard and Engineering (MSE) will fabricate the topsides and perform offshore hook-up and commissioning of the topsides facilities.
EPMI is the largest oil producer in Malaysia, with daily production of more than 300,000 barrels per day. It is also the largest supplier of natural gas in that country, with expected 1996 sales of some 550 MCFD. EPMI has Production Sharing Contracts (PSC) with Petronas in four areas offshore Terengganu, Peninsular Malaysia (PM-8, PM-5, the 1976 PSC and the 1995 PSC area), and currently operates 29 platforms in 10 fields within these areas.
SOURCE Exxon Corporation
/CONTACT: Ed Burwell of Exxon Corporation, 972-444-1108/
CO: Exxon Corporation; Esso Production Malaysia Inc. ST: Texas IN: OIL SU:
MT -- NYM084 -- 3668 11/25/96 11:08 EST http://www.prnewswire.com
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|Date:||Nov 25, 1996|
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