Abu Dhabi – Mubasher: Mubadala Petroleum, Petronas, and Royal Dutch Shell closed over $1 billion deal to develop Malaysia’s Pegaga gas field to start output by the third quarter of 2021.
Located in the Central Luconia province in Block SK320, the filed will enter the construction and installation stage, Mubadala said in a statement on Wednesday.
Mubadala Petroleum, a subsidiary of Mubadala Investment Company, holds 55% of SK320, while Petronas Carigali and Sarawak Shell hold 25% and 20% of the field, respectively.
“Mubadala Petroleum plans to build an Integrated Central Processing Platform (ICPP) comprises an eight-legged jacket designed for natural gas throughput of 550 million cubic feet per day plus condensate to be located in water depths of about 108 meters,” Reuters reported.
Malaysia’s Sapura Energy revealed that it won the contract from Mubadala Petroleum to undertake the engineering, procurement, construction, installation, and commissioning works for the Pegaga gas field.
