EnQuest plc and Seascape Energy Asia plc have been awarded a product sharing contract for 12 discovered fields 50km off the coast of Sarawak, offshore Malaysia.
DISCOVERIES
EnQuest Petroleum Production Malaysia Ltd holds 42% and is the operator of the DEWA complex cluster small field asset with Petroleum Sarawak Exploration & Production Sdn Bhd owning 30% and Seascape Energy Asia plc 28%.
The block is in a “proven hydrocarbon area” containing undeveloped discoveries, providing “potential low-cost development options” to provide gas to Sarawak.
DEWA lies in water depths of 40 to 50 metres and includes D30, D30W, Danau, Daya, Daya North, D41, D41W, Dafnah West, Dana, Darma, West Acis and Spaoh.
Seascape said that initial focus would be on the D30, Danau, D41, D41W, Dana and Dafnah West discoveries estimated to contain circa 500 bcf GIIP.
The partners’ initial two-year pre-development work includes completion of resource assessment and submission of a field development and abandonment plan.
EnQuest chief executive Amjad Bseisu added: “We are delighted to have been awarded the DEWA complex cluster SFA PSC, especially on our 10th anniversary in Malaysia and marking our return to Sarawak after the Tanjong Baram small field risk service contract.
“The block contains several undeveloped discoveries providing future opportunities for EnQuest to demonstrate its proven capabilities in innovative and cost-effective development.”
Petroliam Nasional Berhad (PETRONAS) through Malaysia Petroleum Management made the award.