Bakong is a producing conventional gas field located in shallow water in Malaysia and is operated by SapuraKencana Energy Sarawak. The field is located in block SK 408, with water depth of 400 feet.
Field participation details
The field is owned by OMV, Sapura Energy, Petroliam Nasional and Shell.
Production from Bakong
The Bakong conventional gas field recovered 11.28% of its total recoverable reserves, with peak production expected in 2024. The peak production will approximately 2 thousand bpd of crude oil and condensate and 200 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2054. The field currently accounts for approximately 2% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 126.9 Mmboe, comprised of 7.14 Mmbbl of crude oil & condensate and 718.58 bcf of natural gas reserves. Bakong conventional gas field reserves accounts 0.04% of total remaining reserves of producing conventional gas fields globally.
Methodology
Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.