Petrofac proves more oil in Cendor offshore Malaysia

Offshore staff

KUALA LUMPUR, Malaysia – Petrofac has drilled a successful appraisal well on the Cendor field offshore Peninsular Malaysia.

Partner Petronas says the Cendor Graben-2 well was drilled on block PM304 to a depth of more than 1,000 m (3,281 ft), confirming the presence of oil and some gas-bearing reservoirs.

Amerada Hess discovered the field in 2001. At the time it was considered marginal with recoverable resources estimated at 12 MMboe. Petrofac assumed Amerada Hess’ operating interest in 2004.

Subsequent appraisal and development has transformed Cendor into one of Malaysia’s largest oil fields, Petronas said.

First oil was produced in September 2006 using a leased mobile operating production unit, the first in service at the time offshore Malaysia.

Since then, the field has performed above expectation, leading to further activities both on Cendor and surrounding areas of the block, and culminating in Cendor Phase 2 and other new developments in PM304. These have lifted the recoverable reserves estimate to more than 200 MMbbl.

The other projects on the block, fasttracked over the past two years, are expected to enter production in stages throughout 2013, raising production to around 30,000 b/d by year-end.

5/03/2013

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