Malaysia-based Petronas has announced the start of hydrocarbons production at the Bindu field about 130 miles offshore of the coastal city of Terengganu.
The field is operated by wholly owned subsidiary Petronas Carigali, which in April became the lead on the Gas Production Sharing Contract (GPSC). Petronas says this exemplifies its commitment to providing the Malay Peninsular with a sustainable and secure supply of natural gas. ExxonMobil, the maker of the Mobil Pegasus gas engine oil, also has a 50% interest in the field as a joint venture partner.
A 38-mile pipeline connects the project’s new wellhead platform to the existing Guntong E hub for production. Solar energy powers the platform, which was fabricated locally and designed to operate unmanned. Two wells are expected to provide a peak daily production of 75 million standard cubic feet of gas. Natural gas is seen as a valuable resource to power economies during the energy transition, with Asia being a growing market for it.
Petronas Carigali’s chief executive officer, Hazli Sham Kassim, said the start of production at Bindu bolstered the company’s:
“…operational readiness as GPSC operator. It demonstrates our technical expertise, accelerates domestic gas monetisation, and most importantly, ensures maximum value from Malaysia’s resources for the nation. The GPSC operations supply nearly half of Peninsular Malaysia’s gas demand, powering both industrial-scale power plants and small-to-medium enterprise (SME) manufacturers through our existing infrastructure.”
While Petronas Carigali is rooted in Malasyia’s upstream sector, Petronas is a global energy and lubricant company with operations around the world.
