Project Profile
Value: Undisclosed
Location: 200 kilometres offshore Sarawak, Malaysia
Area: unknown
Depth: between 200 to 1000 metres
Start-up Year: -
On April 2012, Shell Malaysia upstream operating company Sarawak Shell Berhad and partner PETRONAS Carigali Sdn Bhd signed a new exploration and production sharing contract (PSC) with PETRONAS. The contract represent new Malaysian acreage for the multinational. The PSC is for block SK318, both offshore Sarawak. Under the agreements, Shell will undertake an aggressive drilling campaign to comprehensively explore an area totalling an estimated 9000 square kilometres in the two blocks over the respective exploration periods. The minimum work commitment includes acquisition of 3D seismic data, 5 electromagnetic surveys to acquire electromagnetic data and the drilling of 5 exploration wells in total. Shell is operator and has an 85% interest with Carigali holding the remaining 15%.
Block SK 318 is located about 200 kilometres offshore in water depths of between 200 to 1000 metres. The contract covers 27 years with a 3 year exploration period. In executing their obligations under the PSC, Shell will be employing new technologies such as Broadband 3D Seismic Data Acquisition, Advanced PSDM (pre-stack depth migration), advanced seismic interpretation software and tools. The aggressive exploration program is expected to de-risk the challenging deepwater environment in the waters of North Luconia, especially with the employment of these new technologies.
Operators:
Sarawak Shell Berhad: Operator with 85% interest
PETRONAS Carigali Sdn Bhd: 15% interest