Balai Cluster is a producing conventional oil field located in shallow water in Malaysia and is operated by Petroliam Nasional. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block SK 316 and SK 306, with water depth of 2,297 feet. Buy the profile here.
Field participation details
The field is owned by Petroliam Nasional.
Production from Balai Cluster
The Balai Cluster conventional oil field recovered 50.36% of its total recoverable reserves, with peak production in 2020. The peak production was approximately 3.80 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 10.26 Mmboe, comprised of 10.26 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.
For more details on the Balai Cluster Conventional Oil Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
