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April 28, 2022

Bestari Conventional Oil Field, Malaysia

By Carmen

Bestari is a conventional oil development located in deepwater in Malaysia and is operated by PETRONAS Carigali International Sdn. Discovered in 2015, Bestari lies in block Block R, with water depth of around 4,593 feet.

The project is currently in feasibility stage and is expected to start commercial production in 2027.

Field participation details

The field is owned by PT Medco Daya Abadi Lestari, Japan Oil, Gas and Metals National, JX Nippon Oil & Gas Exploration, Inpex and Petroliam Nasional.


Production from Bestari

Production from the Bestari conventional oil development project is expected to begin in 2027 and is forecast to peak in 2029, to approximately 15,392 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2052.


Remaining recoverable reserves

The field is expected to recover 50.15 Mmboe, comprised of 50.15 Mmbbl of crude oil & condensate.


Contractors involved in the Bestari conventional oil field

The key contractors involved in the Bestari project as follows.

Other Contractors: Sapura Energy

About PETRONAS Carigali International Sdn

PETRONAS Carigali International Sdn Bhd (PETRONAS Carigali) is a Malaysia based oil and gas company. The company is a subsidiary of Petroliam Nasional Berhad (PETRONAS). The company is a fully integrated oil and gas corporation of Malaysian government. The company is engaged in exploration, development and production of oil and gas in Malaysia. The company operates in various areas such as China, North America and Southeast Asia. PETRONAS Carigali is headquartered in Kuala Lumpur, Malaysia. In July 2011, the company made two gas discoveries in the shallow water areas offshore the west coast of Sabah. The first discovery was via the Zuhal East-1 well located in the Samarang Asam Paya Block. The second discovery at the Menggatal-1 well located in Block SB312, about 110km northeast of Kota Kinabalu.

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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