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  1. Market Data
May 6, 2022

Balai Cluster Conventional Oil Field, Malaysia

By Carmen

Balai Cluster is a producing conventional oil field located in shallow water in Malaysia and is operated by Petroliam Nasional. The field is located in block SK 316 and SK 306, with water depth of 2,297 feet.

Field participation details

The field is owned by Petroliam Nasional.


Production from Balai Cluster

The Balai Cluster conventional oil field recovered 44.95% of its total recoverable reserves, with peak production in 2020. The peak production was approximately 3.8 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2058.


Remaining recoverable reserves

The field is expected to recover 11.38 Mmboe, comprised of 11.38 Mmbbl of crude oil & condensate.


About Petroliam Nasional

Petroliam Nasional Bhd (Petronas) is an integrated energy company that explores for, develops and produces crude oil and natural gas. Its downstream operations include processing and liquefaction of natural gas; refining of crude oil and marketing of petroleum products; manufacturing and sale of petrochemicals; and trading of oil, petroleum and petrochemicals. The company also carries out transportation and sale of liquefied natural gas (LNG). Petronas provides shipping and logistics services. Its infrastructure comprises refineries; blending plants; petrochemical manufacturing plants; gas infrastructure and utilities; and retail network. The company operates in Asia, Australia, Americas, Europe, and Africa. Petronas is headquartered in Kuala Lumpur, Malaysia.

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.

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