Petronas, Shell, ConocoPhillips JV Starts Gas Production Off Malaysia
November 12 2014 - 7:26AM
Dow Jones News
By Jason Ng
KUALA LUMPUR--Kebabangan Petroleum Operating Company Sdn Bhd., a
joint venture backed by Petronas, ConocoPhillips and Royal Dutch
Shell PLC, said Wednesday it started gas production from the
Kebabangan gas field off Malaysia.
Production is expected to reach 500 million standard cubic feet
per day by April 2015, the company said in a statement. Kebabangan
installed a platform that could process up to 825 million standard
cubic feet of natural gas, 80,000 barrels of crude oil and 22,000
barrels of condensate daily, it added.
The joint venture is 40% owned by Malaysia's state oil and gas
company Petronas while ConocoPhillips and Shell each held 30% in
the operating company.
Write to Jason Ng in Kuala Lumpur at jason.ng@wsj.com
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