Shell Wraps Up Gumusut-Kakap Phase 2 Project in Malaysia
Sabah Shell Petroleum, the operator of the Gumusut-Kakap (GK) semi Floating Production System located offshore Sabah, has completed its GK Phase 2 project.
The GK Phase 2 project involved the drilling of four additional subsea wells tied back to its semi Floating Production System (GK-Semi FPS).
At peak production, the four wells will add 50,000 barrels of oil equivalent per day to the GK-Semi FPS, sustaining its rated production capacity of 165,000 barrels per day. Located in water depths of 1,200 meters, the GK-Semi FPS was Shell’s first Deepwater development in Malaysia, starting production in 2014.
“I would like to congratulate the team for yet another successful delivery of an important project for us both in Malaysia and globally,” said Simon Durkin, vice-president, Malaysia Upstream.
“Shell has been a pioneer in Malaysia’s exploration and production sector for more than a century and a global leader in deep-water exploration and production for more than 40 years. We are proud of our continued investment in Malaysia and utilising our global and local expertise to ensure the long-term sustainability of Malaysia’s energy resources.”
In addition to its timely completion and excellent safety performance, the GK Phase 2 project has realized cost savings of more than 35% since taking final investment decision in Q4 2017.
The Gumusut-Kakap project is a joint venture between Shell (29%, operator), ConocoPhillips (29%), PETRONAS Carigali (16.8%), PTTEP Sabah Oil (6.4%), PERTAMINA (2.7%) and others.