Project Profile
Value: US$1.2 billion
Location: Offshore Bintulu, Sarawak, Malaysia
Area: 87 sq km
Average production: 2,080 bpd
Start-up year: April 2015
The Bayan Field is located offshore Bintulu, Sarawak and the estimated total project value is US$1.2 billion with a term of 24 years. The redevelopment of the Bayan Field, involves providing Contractor Services required to enhance the recoverable reserves through Production Enhancement Activities, Oil Development and Prospect Appraisal.
The infill drilling campaign involved 4 new wells which brought the field in production earlier than expected.
Operators:
Bayan Alliance (BA):
PETRONAS Carigali: Operator with 50% interest
Halliburton Bayan Petroleum (HBP): 50% interest