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November 30, 2021updated 27 Apr 2022 12:19pm

NC3 Conventional Gas Field, Malaysia

By Carmen

NC3 is a producing conventional gas field located in shallow water in Malaysia and is operated by PETRONAS Carigali International Sdn. The field is located in block SK 316, with water depth of 2,297 feet.

Field participation details

The field is owned by Petroliam Nasional.


Production from NC3

The NC3 conventional gas field recovered 52.41% of its total recoverable reserves, with peak production in 2018. The peak production was approximately 424 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2039. The field currently accounts for approximately 3% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 106.16 Mmboe, comprised of 636.98 bcf of natural gas reserves. NC3 conventional gas field reserves accounts 0.04% of total remaining reserves of producing conventional gas fields globally.


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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