SapuraKencana Energy Sarawak Inc (“SKE”), a wholly-owned subsidiary of SapuraKencana Petroleum Berhad, is pleased to announce the signing of the SK310 Upstream Gas Sales Agreement in relation to the production of gas from the B15 Gas Field on 23 June 2016, between Petroliam Nasional Berhad ("PETRONAS") as Gas Buyer and the SK310 Production Sharing Contract ("PSC") Contractors as Joint Sellers. SKE is the Operator of Block SK310 PSC which was awarded by PETRONAS on 17 June 2008. SKE has participating interest of 30%, PETRONAS Carigali Sdn. Bhd. 40%, and Diamond Energy Sarawak Sdn. Bhd., a subsidiary of Mitsubishi Corporation, 30%.
The B15 Gas Field which was discovered in December 2010 is located within the SK310 PSC area, offshore East Malaysia. The development will comprise a central processing platform with a 35km gas evacuation pipeline to be tied into existing infrastructure. The B15 Gas Field will deliver gas to the Malaysia Liquefied Natural Gas (MLNG) complex in Bintulu, Sarawak. The first gas delivery is targeted for the fourth quarter of 2017.
This announcement is dated 27 June 2016.