PetroVietnam Exploration Production Corporation (PVEP) has announced a project to exploit oil from oilfield D30, Lot SK305 offshore Malaysia
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An oil rig
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The project is implemented under the framework of a tripartite cooperation program on oil and gas exploration and exploitation in Vietnam, Malaysia and Indonesia.
PVEP contributes 30% of the total capital, Petronas Carigali. Sdn. Bhd of Petronas - 40%, and Pertamina - 30%.
Lot SK305 is located in Balingian Province, Sarawak State, with an average water depth of some 150m.
According to a PVEP representative, on June 22, the first flow of gas was pumped from oilfield D30.
Now, the average daily output of D30 is 4,730 barrels of oil and 7.83 million cubic feet of gas. By July 31, the accumulated output was 170,340 barrels of oil and 282 million cubic feet of gas.