EnQuest plc has secured an agreement to develop an additional 55 billion standard cubic feet gas from the Seligli field, offshore Malaysia.
INFRASTRUCTURE
The PM8 extension production sharing contract is a 50% equity share with Petroliam Nasional Berhad (Petronas) Carigali Sdn Bhd (PCSB) and E&P Malaysia Venture Sdn Bhd (EPMV).
The deal will see annexation of Seligi field non-associated gas and condensate from 1 January 2025.
Key terms are also agreed for the PM8 extension upstream gas sales agreement relating to the additional supply of natural gas produced.
EnQuest said that the PSC extension would result in the supply around 70 mmscf per day of sales gas.
The operator will produce additional Seligi field non-associated gas by modifying its existing infrastructure to deliver into the Peninsular Malaysia gas system.
Chief executive Amjad Bseisu added that the agreement complemented October’s DEWA complex cluster small field PSC.
EnQuest Malaysia general manager and country head, Ahmed Radzif commented: “The trust Petronas has shown in our ability to develop and deliver Seligi field NAG is a responsibility we are delighted to take on and recognises our 10 years of operating PM8E PSC in a safe and efficient manner.
“We look forward to delivering our gas sales commitments and remain focused on continuing to grow the business here in Malaysia.”