Oil, Gas and Energy
Sectors

EPP 2: Developing Marginal Fields through Innovative Solutions

  • GNI by 2020 (mil)
    RM5,500
  • Projected jobs by 2020
    -

A significant proportion of Malaysia’s remaining reserves lay in marginal fields that are technically challenging and capital intensive.


To unlock the value of these fields, this EPP, through PETRONAS, is encouraging new investments through the introduction of new production sharing contract (PSC) terms, attract exploration and production (E&P) operators with expertise in marginal fields development, and facilitate collaboration between industry players to improve the economics of marginal field development.


Highlights

  • In 2014, PETRONAS awarded Small Field Risk Service Contracts (SFRSC) to EQ Petroleum Developments Malaysia Sdn Bhd and Uzma Energy Venture (Sarawak) Sdn Bhd for the development and production of the Tanjong Baram field offshore Sarawak; another SFRSC was awarded to Ophir Production Sdn Bhd for the development and production of petroleum from the Ophir field offshore Peninsular Malaysia.
2015/08/06
Projects

EPP Champions

Status:
Operational
Economic Transformation Programme
The ETP Transformation Story
The Economic Transformation Programme (ETP) is a comprehensive effort that will transform Malaysia into a high-income nation by 2020.
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