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November 22, 2021

Pegaga Conventional Gas Field, Malaysia

By Carmen

Pegaga is a conventional gas development located in shallow water in Malaysia and is operated by Mubadala Petroleum. Discovered in 2013, Pegaga lies in block SK 320, with water depth of around 357 feet.

The project is currently in commissioning stage and is expected to start commercial production in 2022. Final investment decision (FID) of the project was approved in 2018. The development cost is expected to be $1,000 m. The Pegaga conventional gas development will includes fixed platform.

Field participation details

The field is owned by Mubadala Investment, Petroliam Nasional and Royal Dutch Shell.


Production from Pegaga

Production from the Pegaga conventional gas development project is expected to begin in 2022 and is forecast to peak in 2023, to approximately 8,935 bpd of crude oil and condensate and 519 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2065.


Remaining recoverable reserves

The field is expected to recover 596.24 Mmboe, comprised of 40.82 Mmbbl of crude oil & condensate and 3,332.53 bcf of natural gas reserves.


Contractors involved in the Pegaga conventional gas field

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

Design/FEED Engineering: Aker Solutions

Main EPC: Sapura Energy

EPC Contractors: KKB Engineering

Other Contractors: Bokkai Mila Offshore Sdn, KNM Group, Mir Valve Sdn, Trisystems Group and Velesto Drilling Sdn

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About Mubadala Petroleum

Mubadala Petroleum LLC (Mubadala Petroleum), a subsidiary of Mubadala Investment Co, is an oil and gas company. It develops, manages, and operates projects with a main focus on the Middle East, North Africa, Southeast Asia, and Russia. The company’s asset portfolio includes Dolphin Gas Project in Qatar; Zohr gas project in Egypt; Mukhaizna oil field in Oman; Jasmine, Manora and Nong Yao oil and gas fields in Thailand; Ruby and West Sebuku gas fields in Indonesia and Pegaga field in Malaysia. Mubadala Petroleum also has interest in the Gazpromneft-Vostok joint venture to develop oil fields in Russia. The company also invested in an energy fund focused on unconventionals in the US. Mubadala Petroleum is headquartered in Abu Dhabi, the UAE.

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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