KUALA LUMPUR, 26 September 2022 – PETRONAS is pleased to announce that the North Malay Basin (NMB) Phase 3 project in Block PM302, located 290 kilometres offshore Peninsular Malaysia, has recently achieved its first gas production.
Block PM302 is operated by Hess Corporation’s subsidiary, Hess Exploration and Production Malaysia B.V. (Hess) with a 50 per cent participating interest, in partnership with PETRONAS Carigali Sdn Bhd, which owns the remaining 50 per cent.
The NMB Phase 3 project was sanctioned in 2019 and is part of a multi-phase development. It includes the installation of the new Bergading-B Wellhead Platform that adds another 100 million cubic feet per day (MMscfd) of gas supply from Block PM302, bringing the total production to 400 MMscfd.
PETRONAS Senior Vice President of Malaysia Petroleum Management (MPM), Mohamed Firouz Asnan said, “We are pleased that Hess has taken a long-term view of the business in Malaysia across industry cycles, demonstrating confidence in Malaysia's upstream industry. Together, we have continued to develop the NMB project to unlock the full potential of the block.
This is a major milestone for both partners, as the NMB Phase 3 project is key in sustaining Peninsular Malaysia’s gas supply amid rising demand.”
“The close collaboration between Block PM302 parties and their service providers in overcoming challenges during the pandemic delivered this successful completion, which reflects the overall resilience of the Malaysian Upstream ecosystem,” he added.
PETRONAS, through MPM is the custodian of the petroleum resources in Malaysia. With this mandate, MPM manages petroleum arrangements in Malaysia and provides stewardship on upstream Exploration & Production activities in the country. For more information on investment opportunities in Malaysia, please visit https://www.petronas.com/mpm/.