Sapura E&P commences prodcution at Block SK310 B15 Gas Field

Sapura Exploration and Production (Sarawak) Inc. announced that it has commenced production at the B15 field. The B15 gas field development is a maiden gas development project for Sapura E&P and the first gas milestone was achieved within 2 years of the sanction of its Field Development Plan (“FDP”).

The B15 field was discovered in December 2010 and is located within the SK310 Production Sharing Contract (“PSC”) area, offshore Sarawak, East Malaysia. The development comprises a processing platform with a 35 kilometre evacuation pipeline tied into the existing B11 infrastructure for onwards transmission into the Malaysia Liquefied Natural Gas (“MLNG”) complex at Bintulu, Sarawak.

“This milestone achievement at B15 was achieved on schedule and within budget. Sapura E&P has made significant gas discoveries over the past two years. The development plans for these discoveries are progressing well and should come on stream over the next two to five years. Once fully developed we expect Sapura E&P to be a significant supplier of natural gas into the Bintulu MLNG complex,” said Tan Sri Dato’ Seri Shahril Shamsuddin, President & Group CEO of SEB.

Sapura E&P via Sapura Exploration and Production (Sarawak) Inc. is the Operator of the SK310 PSC with a 30% participating interest and partners with PETRONAS Carigali Sdn. Bhd. at 40% and Diamond Energy Sarawak Sdn. Bhd., a subsidiary of Mitsubishi Corporation at 30%.