Late Life Asset
PM355 (Larut) Field
Production Sharing Contract
Irong Cluster, Berantai (Wellhead Platform)
Production Sharing Contract
Irong Cluster, Jitang (Wellhead Platform)
Production Sharing Contract
Irong Cluster, Tembikai (Central Processing Platform)
Production Sharing Contract
Irong Cluster, Tembikai Non-Associated Gas (Wellhead Platform)
Production Sharing Contract
SK315 Cluster, Bentara (Wellhead Platform)
Production Sharing Contract
SK315 Cluster, Anjung Kecil (Wellhead Platform)
Small Field Agreement
NBE Nosong
Late Life Asset
PM355 (Larut) field
- FIELD LOCATION: Located 270km offshore Kerteh
- DISCOVERY: 1990 by EMEPMI (Larut-1)
- EXPECTED OVERALL DRIVE MECHANISM: Aquifer drive and solution gas drive
- PSC, EQUITY & HC ENTITLEMENT:
PSC/PACs | Vestigo Petroleum |
|---|---|
PM 335 LLA (Formerly PM5 PSC) | 90% VPSB, 10% EPMV |
HC ENTITLEMENT | •Oil: Yes •AG: Yes •NAG: Yes •COND: Yes |
- PSC EXPIRY: Dec 2029
- GSA CONTRACT(s) & EXPIRY: UGSA (31 Dec 2029)
- FIRST OIL: February 2002
- FIRST GAS: September 2012
- FIRST WATER/GAS INJECTION: February 2003
RESERVOIR ENCOUNTERED:
- 7 developed major oil reservoirs on waterflood
- I-25M, I-68M, I-90M, I-62E, I-68E, I-68W & I-75W
- Natural depletion in minor reservoirs (developed 20 reservoirs)
- Non-associated gas developed in K-25M and I-90E (BCO)
- No presence of H2S, N2<2%mol; CO2: 4-7%mol
- Oil API gravity indicating light crude oil (39 API).
STRING OVERVIEW (as of 08/2022)
- Total: 58
- Active: 26
- Idle: 22
- Discovered by EMEPMI in 1990 at Block PM5 about 270km off Kerteh, Terengganu
- Feb 2002- Development of first oil by EMEPMI and follow by NAG gas development in 2012
- 17th June 2018 – Operatorship transfer from ExxonMobil (EMEPMI) to Vestigo
- LLA PSC term effective on 1st January 2020 under Larut PM335 LLA PSC – 1st LLA PSC in Malaysia
- PSC expiry 31 Dec 2029
Production Sharing Contract
Irong PSC, Berantai (Wellhead Platform)
The Berantai field is situated approximately 200 kilometers offshore east of Kemaman Supply Base (KSB) in Malaysia.
Discovery History and Exploration Activities
- First Gas Discovery: October 29, 2012
- First Oil Discovery: January 2, 2013
Existing Wells
- 6 exploration wells drilled between 1978-2011 (BR-1, BR-2, BR-3, BR-4, BR-5 & BRE-1)
- 14 production wells were drilled from a platform by previous operator (Petrofac)
- 2 appraisal wells drilled in Nov 2018 and 3 infill wells drilled in year 2021 (BRA-13, BRA-16, BRA-17)
TNAG Existing Wells
- Two (2) exploration wells:
- Tembikai-1 (1989) – Exploration (Wildcat) type. P&A discovered gas condensate
- Tembikai-2(1990) – Appraisal type respectively. P&A confirmed presence of hydrocarbons and
reservoir continuity over field - Five (5) wells from Tembikai Oil: TBK-A1, TBK-A2, TBK-A3, TBK-A4 and TBK-A5
Berantai WHP
- 1 x 6″ MPFM for well testing of gas wells
- 1×4″ MPFM for well testing of oil wells
TNAG WHP
- TNAG has a total of 6 slots – 1 more slot still available for future well
- 1×4° MPFM for well testing of gas wells
- Departing Pressure at TNAG 50 bang (725 psig)
- One 12″ x 80 km export pipeline for full well stream gas from TNAG to FPSO
- One 12″ x 80 km export pipeline for full well stream gas from TNAG to FPSO Berantai
- Fiber Optic cable from TNAG to Berantai for remote control and telecommunication
FPSO
- Utilize FPSO Berantai
- Power Generation : Gas Turbine Generator (Solar Taurus 60) x 3 (1.5MW x 3, 1 online 2 standby)
- Gas Compression: Gas Turbine Compressor (Solar Mars 100) x 2 (75 MMSCFD x 2, 1 online 1 s/by)
Production Sharing Contract
Irong PSC, Jitang (Wellhead Platform)
The Jitang TNAG and TNAG-OWF fields, located approximately 154 kilometers offshore Kerteh, Malaysia, have emerged as significant contributors to the country’s energy landscape. Discovered by Petronas Carigali in 2016 and developed by VPSB, these fields have demonstrated their potential to bolster Malaysia’s energy security and economic growth. It is part of Irong Cluster PSC that operated by VPSB on 1 Jul 17 – 30 Jun 2032 (15 years).
- Jitang TNAG:
- Discovery: April 2016
- First Oil: January 6, 2020
- Field Facilities: FPSO MTC Ledang, unmanned WHP Jitang A, 8″x 350m FWS flexible flowline, 350m subsea power cable
- Reservoir: Undersaturated H oil reservoir
- Development Wells: 4 oil producers (Jitang-A1, A2, A3, A4)
- Primary depletion: Dominated by strong aquifer support.
- Jitang TNAG:
-
- TNAG-OWF:
- First Gas: May 29, 2020
- Field Facilities: Unmanned WHP, 12″x 60km FS to BRT FPSO
- Development Wells: Total 5 completion strings, 5 Gas Producers
- TNAG-OWF:
Production Sharing Contract
Irong PSC, Tembikai (Central Processing Platform)
Overview
- FIELD LOCATION: 110 km offshore North-East of Kuala Terengganu
- DISCOVERY: 1989 by Tembikai-1 (JTOC)
- Tembikai Field (Oil) ceased production in June 2023. Tembikai Small Field Risk Service Contract (SFRSC) has been relinquished.
Production Sharing Contract
Irong PSC, Tembikai Non-Associated Gas (Wellhead Platform)
Overview
- FIELD LOCATION: 150 KM offshore East of Kemaman Supply Base
- DISCOVERY: By Japex/Taiyo Operating Co. (JTOC) in 1989 (Tembikai-1)
- PSC & EQUITY:
|
PSC/PACs
|
VPSB
|
PCSB
|
|---|---|---|
|
Irong Cluster PSC
|
90%
|
10%
|
- FIRST GAS: May 2020
Production Sharing Contract
SK315 PSC, Bentara (Wellhead Platform)
Overview
- FIELD LOCATION: SK315 (~130 km NW of Bintulu in Central Luconia Province)
- DISCOVERY: 2012
- PSC & EQUITY:
|
PSC/PACs
|
Vestigo Petroleum
|
|---|---|
|
SK315 PSC
|
VPSB (50%) PCSB (50%)
|
CURRENT PROJECT STATUS:
- Back-on-line in Dec 2023
- FPSO Mampu-1 relocated from Bentara in Jun 2024
Production Sharing Contract
SK315 PSC, Anjung Kecil (Wellhead Platform)
Overview
|
Field Overview
|
|
|---|---|
|
Water Depth
|
70.5 m
|
|
Field Location
|
168 km NW of Bintulu Central Luconia Province
|
|
Discovery
|
Feb-2010 (Anjung Kecil-1)
|
|
First Oil
|
July 2014
|
|
PSC
|
Equity & HC Entitlement
|
|
|---|---|---|
|
SK315
|
PCSB (50%)
|
VPSB (50%)
|
CURRENT PROJECT STATUS:
- AJK field ceased production on 23rd June 2021 and the FPSO has been relocated to Bentara
Assets & Facilities
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