Exxonmobil Boosts Irong Barat Field Production

abarrelfullabarrelfull wrote on 30 Jul 2015 12:02
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March 23 2005

ExxonMobil Exploration and Production Malaysia Inc.(EMEPMI), a subsidiary of Exxon Mobil Corporation, announced the commencement of crude oil production from the Irong Barat C satellite platform offshore Peninsular Malaysia. Irong Barat C is the first of two platforms under the Satellite Fields Development III (SFD III) project to come onstream.

The Irong Barat field, discovered in 1979, is located about 210 kilometres offshore the east coast of Peninsular Malaysia, in approximately 64 metres of water. Irong Barat C is the third platform to be installed to develop the field, after Irong Barat A and B, which began production in November 1983 and September 2003 respectively. The produced oil will flow via a new 12-inch pipeline to the Irong Barat A platform four kilometres away, and then to shore via existing pipelines.

"The SFD III project uses a number of technological advancements for marginal fields development," said EMEPMI Chairman Rob Fisher. "It is another example of our commitment to optimising existing infrastructure to capture reserves faster and at lower development costs." He noted that the project underscores EMEPMI's strategy to use ExxonMobil world-class best practices and efficiencies to lower costs and maximise economic
recovery from mature producing areas.

The SFD III project consists of the Irong Barat C and Guntong F platforms,which were fabricated in Malaysia. The project is being developed by EMEPMI under the terms of the 1995 Production Sharing Contract (PSC) with PETRONAS.

EMEPMI holds a 78 percent working interest in the 1995 PSC, with PETRONAS Carigali Sdn Bhd (PCSB) holding the balance.

To optimize development costs, Irong Barat C was designed as an unstaffed minimum facility platform supported by a lightweight tripod jacket. EMEPMI's application of new splitter wellhead technology, used for
the first time in its Malaysian operations, will enable up to 16 wells to be drilled from 12 slots on the platform.

Installed in October 2004, Irong Barat C is anticipated to produce 17 thousand barrels per day (kbd) of crude oil at its peak and recover in excess of 25 million barrels of oil over its lifetime. The project, which
required 600,000 work hours to complete, was executed without a single lost-time injury to workers. Total project development cost for Irong Barat C is estimated at RM407 million (US$107 million).

EMEPMI is the largest crude oil producer and a major supplier of natural gas in Malaysia. EMEPMI produces approximately 240,000 barrels of crude oil and 1.1 billion cubic feet of gas per day.


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