Mr. Hiroshi Hosoi, President and CEO of JX Nippon Oil & Gas Exploration Corporation introduced that its subsidiary JX Nippon Oil & Gas Exploration (Malaysia) Limited, the Operator of Block SK10 offshore Sarawak, Malaysia along with Petronas Carigali Sdn Bhd, commenced industrial oil manufacturing from Layang Field on three December, 2019.
Layang discipline, along with its pure gasoline manufacturing since May 2017, commenced oil manufacturing by utilizing a Floating Production, Storage and Offloading System (FPSO) named FPSO Helang.
The manufacturing of oil from Layang is estimated at about three,000 barrels per day, and about 10,000 barrels of oil equal per day with pure gasoline mixed.
FPSO Helang can be deliberate to be utilized for manufacturing and delivery of oil from Helang Field. in Block SK10. The manufacturing of oil and pure gasoline from Layang and Helang with the usage of FPSO Helang is estimated to succeed in about 20,000 barrels of oil equal per day.
This enlargement of manufacturing services in Block SK10 comprised of Layang, Helang and Beryl Gas Field, the corporate’s one in all most important initiatives, will improve the worth of the asset and enhance its profitability.
With the anticipated regular development of oil and pure gasoline demand in Asia, we’ll proceed to take care of and strengthen our long-term good relationship with Malaysia and improve our capability to lift income by way of our E&P enterprise exercise as Operator.
(Source and picture: JX Nippon)

The publish JX NIPPON STARTS COMMERCIAL OIL PRODUCTION FROM LAYANG FIELD OFFSHORE SARAWAK appeared first on Energy Global News.

Read more at Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here