Mubadala Petroleum, the Abu Dhabi headquartered international energy company, has started gas production from the Pegaga gas field offshore Malaysia.
Pegaga will be a key producing field supplying gas to PETRONAS LNG Complex, in Bintulu, Sarawak, Malaysia.
Mubadala Petroleum has been present in Malaysia since 2010 and is the Operator of Block SK 320 with a 55 percent stake. PETRONAS Carigali Sdn Bhd, a subsidiary of PETRONAS holds 25 percent, with Sarawak Shell Berhad holding the remaining 20 percent.
The Pegaga gas field is located in the Central Luconia province, offshore Sarawak, Malaysia at about 108-meter water depth. The facility is designed for gas throughput of 550 million standard cubic feet of gas per day plus condensate. The produced gas will be evacuated through a subsea pipeline tying into an existing offshore gas network and subsequently to the onshore PETRONAS LNG Complex in Bintulu.
Mansoor Mohamed Al Hamed, CEO of Mubadala Petroleum, said, “The Pegaga achievement is a landmark for Mubadala Petroleum. Having taken this project from discovery to development and now into production with the support of Malaysia Petroleum Management (MPM), PETRONAS, our partners and contractors, this demonstrates our deep capabilities and reflects our ambition for the future as a long-term investor and strategic energy partner.”
PETRONAS Senior Vice President of Malaysia Petroleum Management Mohamed Firouz Asnan said the project, which undertook its Final Investment Decision at the time when the oil market was still recovering in 2018, “demonstrates the confidence of investors in Malaysia’s upstream industry”.
