Bestari is a conventional oil development located in deepwater in Malaysia and is operated by PETRONAS Carigali International Sdn. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Bestari was discovered in 2015, lies in block Block R, with water depth of around 4,593 feet. Buy the profile here.
The project is currently in feasibility stage and is expected to start commercial production in 2027. Final investment decision (FID) of the project will be approved in 2023.
Field participation details
The field is owned by Inpex, Japan Oil, Gas and Metals National, JX Nippon Oil & Gas Exploration, Petroliam Nasional and PT Medco Daya Abadi Lestari.
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.
For more details on the Bestari Conventional Oil Field, buy the profile here.