KUALA LUMPUR, Malaysia – Shell Malaysia, PETRONAS Carigali, and ConocoPhillips Sabah Ltd. have made the final investment decision to develop the deepwater Malikai oil field, some 100 km (62 mi) offshore Sabah, Malaysia.
The field, in waters up to 500 m (1,640 ft) deep, is part of the Block G production-sharing contract awarded by PETRONAS in 1995. Operated by Sabah Shell Petroleum Co., it is the country’s third deepwater project.
The Malikai development will require 17 wells drilled from a 23,500 metric ton (25,904 ton) TLP production facility. This will be the first TLP to be fabricated and installed in Malaysia. The contracts for the engineering, procurement, and construction of the TLP have been awarded.
Shell and ConocoPhillips each hold 35% interest in the development while PETRONAS Carigali has 30%.