Unconventional

Unconventional resources have revolutionised the global energy industry.

 

PETRONAS is accelerating development and building capabilities in shale oil/gas, tight reservoirs, oil sands and other unconventional hydrocarbons, which are recognised to have massive resource potential.
 
Together with the right partners and technologies, we monetise these resources to deliver energy where it matters.
Unconventional at a glance:

 

Canada – Shale Gas


 

  • PETRONAS, through its wholly-owned entity, the North Montney LNG Limited Partnership (NMLLP), holds a 25% participating interest in the LNG Canada project, with joint venture participants Royal Dutch Shell plc, through its affiliate Shell Canada Energy (40%); PetroChina Company Limited, through its subsidiary PetroChina Canada Ltd. (15%); Mitsubishi Corporation, through its subsidiary Diamond LNG Canada Ltd. (15%); and Korea Gas Corporation, through its wholly-owned subsidiary Kogas Canada LNG Ltd (5%). The project is operated through LNG Canada Development Inc.
  • More than 52 Tcf of gross reserves and contingent resources in Northeast British Columbia
  • The LNG export facility, which will be built in Kitimat, British Columbia, includes the design, construction and operation of a natural gas liquefaction plant and facilities for the storage and export of LNG, including marine facilities. LNG Canada will initially consist of two LNG liquefaction processing units referred to as “trains,” for a total of approximately 14 million tonnes per annum with the potential to expand to four trains in the future.
  • Unconventional Centre of Excellence hosted in the Calgary office providing global expertise for PETRONAS unconventional projects
Find out more about our operations at PETRONAS Canada, Alberta, Canada.
 
 

Australia – Coal Bed Methane(CBM)

  • Integrated CBM to LNG project
  • GLNG Equity Distribution: Santos – 30%; PETRONAS – 27.5%; Total – 27.5%; KOGAS – 15%
  • More than 5 Tcf of natural gas resource
  • Active drilling programme of greater than 300 wells per year
  • Capital investments USD 31.9 billion
  • Operating Expenditure USD 15.9 billion
  • 7.8 million tonnes per annum (MTPA) with each train carrying 3.9 MTPA
  • 420 km underground 42” Gas Transportation Pipeline (GTP)
     

Argentina – Shale Oil

  • La Amarga Chica (LAC) field in Vaca Muerta formation in Neuquén Basin, Argentina (the world’s second-largest shale gas deposit and fourth-largest shale oil deposit)
  • LAC block is characterised by its robust and rich in shale oil resources
  • PETRONAS E&P Argentina S.A. (PEPASA) and its partner, Yacimientos Petrolíferos Fiscales S.A. (YPF) have completed the project’s 3 phase Pilot Programme & has entered the development phase of the LAC in December 2018
  • Current production is approximately 9kBOE/D