Block PM304 Moves into New Exciting Phase

KUALA LUMPUR, July 30 (Bernama) -- PETRONAS is pleased to announce that the East Cendor field in Block PM304 located 140 kilometers offshore Peninsular Malaysia has achieved its first oil production on 23 June 2021.

The field was developed by Petrofac (Malaysia) Limited (Petrofac), Kuwait Foreign Petroleum Exploration Company and PETRONAS Carigali Sdn Bhd, under the Block PM304 Production Sharing Contract. Petrofac is the operator of the block.

East Cendor represents the fourth in the series of development in Block PM304, after Cendor, West Desaru and Irama. The project comprises the development of a single new Wellhead Platform (WHP) and installation of a new 6.3km pipeline linking the field to the existing FPSO Cendor. The field’s production rate is expected to peak at over 7,000 barrels of oil per day which will further extend the economic life of Block PM304.

PETRONAS Senior Vice President of Malaysia Petroleum Management, Mohamed Firouz Asnan said, “East Cendor’s first oil success proves that the Malay Basin is by no means a mature hydrocarbon province. Block PM304 started as a small field development with first production from the Cendor field back in 2006. However, the total oil-in-place volume grew through continuous efforts in appraising the block’s potential, which turned out to be large.

“Known for its light and sweet quality, Cendor crude was billed as the most expensive in the world at one time. With the success of East Cendor, more active development activities are expected in the future to monetise the large remaining resources within Block PM304.

“We would like to congratulate Petrofac and its partners for their successful delivery of the project despite the COVID-19 pandemic and volatile market conditions. This success is a testament of the close collaboration amongst all the parties, including the local Malaysian fabricator and service providers, who have stepped up to the challenge of these unprecedented times,” he added.

For more information on investment opportunities in Malaysia, please visit http://www.petronas.com/mpm/

Issued by:

Media Engagement Department
Group Strategic Communications
PETRONAS

SOURCE: PETRONAS

FOR MORE INFORMATION, PLEASE CONTACT: 
Name: Nabil Basaruddin
Tel: +603-2392 4730
Email: nabil.basaruddin@petronas.com

--BERNAMA