Shell invests in Phase 4 of the GKGJE deepwater development
Published on: Monday, October 03, 2022
Filepic by Bernama
KUALA LUMPUR: Sabah Shell Petroleum Company Ltd (SSPC) announced it has taken a final investment decision (FID) on Phase 4 of the Gumusut-Kakap-Geronggong-Jagus East (GKGJE) deepwater offshore development project, with its co-venturers.
SSPC is the operator of the Gumusut-Kakap semi-submersible Floating Production System (GK-Semi FPS) located off the coast of Sabah, offshore Malaysia.
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GKGJE Phase 4 development is a subsea tie-back project that is expected to achieve the first oil in late 2024. It involves the drilling of four wells and ties back to the GK-Semi FPS.
Shell Malaysia Chairman and Senior Vice President for Upstream Malaysia, Ivan Tan said taking FID for GKGJE Phase 4 reaffirms Shell’s continued commitment to deliver competitive and sustainable projects to meet the world’s energy demands.
“I would like to thank Petronas, our co-venturers and the government for their support in achieving this milestone,” he said in a statement, Monday.
On a related note, the first oil delivery for an earlier phase of the project, Phase 3, was achieved on schedule earlier, on July 31.
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Phase 3 consists of two oil producers and two water injection wells to enhance the recoverable oil volumes from the field.
Tan said they are pleased to be able to achieve the first oil from GK Phase 3 on schedule.
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“This has been a truly remarkable team effort to overcome disruptions presented by the Covid-19 pandemic.”
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