MISC Berhad Launches Marginal Fields FPSO
- Business & Finance
Malaysia International Shipping Corporation (MISC Berhad) held a sail away ceremony for the Marginal Marine Production Unit (MaMPU 1), which was converted from an oil tanker, at the MMHE East Yard in Pasir Gudang on September 29.
MaMPU 1, a fit-for-purpose FPSO for the development of marginal fields, will initially work at Anjung Kecil oil field, offshore Sarawak.
Featuring a storage capacity of 318,000 barrels, the vessel can produce 15,000 barrels of oil per day, and has a 25MMscfd gas handling capacity.
One transformation technology that MISC has adapted on MaMPU 1 is Sep-iSYSTM, a compact low pressure system that stabilises the crude received from the reservoir for safe storage and subsequent export to the market.
Through its Condensate Recovery System (CRS), MaMPU 1 is designed for increased oil production via recovery from unwanted flaring gas.
Combined, the two systems will enable the production of an additional 50 barrels of oil per one million square cubic feet of flared gas, MISC said.
The company expects that the CRS will contribute to lowering CO2 emission by 25% to 30% on daily flaring rates.