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April 28, 2022

NC8 Conventional Gas Field, Malaysia

By Carmen

NC8 is a conventional gas development located in shallow water in Malaysia and is operated by PETRONAS Carigali International Sdn. Discovered in 2012, NC8 lies in block SK 316, with water depth of around 2,297 feet.

The project is currently in construction stage and is expected to start commercial production in 2022.

Field participation details

The field is owned by Petroliam Nasional.


Production from NC8

Production from the NC8 conventional gas development project is expected to begin in 2022 and is forecast to peak in 2023, to approximately 55 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2060.


Remaining recoverable reserves

The field is expected to recover 40.17 Mmboe, comprised of 241.04 bcf of natural gas reserves.


Contractors involved in the NC8 conventional gas field

Some of the key contractors involved in the NC8 project as follows.

Main EPC: Petroliam Nasional and Technip Malaysia

Other Contractors: Golden Ecosystem Sdn

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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