Mubadala approves $1B Pegaga gas field development
Mubadala Petroleum, with its partners Petronas and Shell, has sanctioned the development of the Pegaga gas field offshore Sarawak Malaysia.
Mubadala Petroleum and its partners are expected to invest in excess of $1 billion into the development with first gas expected by third quarter of 2021.
Bakheet Al Katheeri, CEO of Mubadala Petroleum, said: “The Pegaga gas project is Mubadala Petroleum’s first development in Malaysia and represents an important milestone for us to have brought Pegaga from discovery to the point of sanction with the support from PETRONAS and our partners. Our efforts will now be directed to working closely with our partners and contractors to deliver Pegaga into production on budget and time but most importantly safely.”
The Pegaga gas field is located in the Central Luconia province, offshore Sarawak at about 108 meter water depth.
The development concept comprises of an Integrated Central Processing Platform (ICPP) consisting of an 8-legged jacket. The facility is designed for gas throughput of 550 million standard cubic feet of gas per day plus condensate.
The produced fluids will be sent through a new 38 inch subsea pipeline tying in to an existing offshore network and subsequently to the onshore Malaysia LNG plant in Bintulu.
Subsequently, Mubadala Petroleum has issued the letter of award for the Engineering, Procurement, Construction, Installation & Commissioning (EPCIC) contract for the Pegaga gas development to Sapura Fabrication Sdn Bhd, a wholly owned subsidiary of Sapura Energy Berhad.