SapuraKencana Energy Sarawak (SKE), a wholly-owned subsidiary of SapuraKencana Petroleum Berhad (SKPB) has signed the SK310 Upstream Gas Sales Agreement (UGSA) in relation to the production of gas from the B15 Gas Field between Petronas as gas buyer and the SK310 production sharing contract contractors as joint sellers. SKE is the operator of Block SK310 PSC which was awarded by Petronas. SKE has participating interest of 30%, Petronas Carigali has a 40%, and Diamond Energy Sarawak, a subsidiary of Mitsubishi Corp., has a 30%.
The B15 Gas Field which was discovered in December 2010 is located within the SK310 PSC area, offshore East Malaysia. The development will comprise a central processing platform with a 35km gas evacuation pipeline to be tied into the existing infrastructure. The B15 Gas Field will deliver gas to the Malaysia Liquefied Natural Gas (MLNG) complex in Bintulu, Sarawak. The first gas delivery is targeted to be in Q4 2017.
“I would like to thank Petronas and the SK310 joint venture partners for their efforts in getting the project to realization,” said Tan Sri Dato’ Seri Shahril Shamsuddin, president and group CEO of SKPB. “The SK310 UGSA marks SKE’s first participation in a gas sales agreement for East Malaysia.”