Project Profile
Value: Undisclosed
Location: Offshore Sarawak, in the island of Borneo, Malaysia
Area: 1.1 million acres
Water Depth: 200 – 400 feet
Start-up Year: -
In December 2012, Newfield Exploration Company signed a new PSC for Block SK 408. The PSC is in offshore Sarawak, in the island of Borneo, Malaysia. Block SK 408 covers 1.1 million acres in water depths ranging from 200 – 400 feet. There have been 16 discoveries in the block so far with existing infrastructure and production hubs located less than 10 miles from dozens of potential prospects identified to date by Newfield. The company has a 10 well commitment on the block over a three-year initial exploration period. Newfield will operate the block with a 40% interest. Other partners include Shell (30%) and PETRonAS Carigali (30%).
Operators:
Newfield Exploration Company: Operator with 40% interest
Shell: 30% interest
PETRonAS Carigali: 30% interest
Contractors:
Sapura Fabrication: EPC contract