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November 26, 2021updated 27 Apr 2022 12:48pm

East Piatu Conventional Oil Field, Malaysia

By Carmen

East Piatu is a producing conventional oil field located in shallow water in Malaysia and is operated by SapuraOMV Upstream (PM). The field is located in block PM 329, with water depth of 197 feet.

Field participation details

The field is owned by Petroliam Nasional and Jadestone Energy.


Production from East Piatu

The East Piatu conventional oil field recovered 36.62% of its total recoverable reserves, with peak production in 2020. The peak production was approximately 22.84 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2067. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 100.41 Mmboe, comprised of 100.41 Mmbbl of crude oil & condensate. East Piatu conventional oil field reserves accounts 0.02% of total remaining reserves of producing conventional oil 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.

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