In 2017, our presence
in Malaysia was focused
on our Upstream business
- Production / development
As of December 31st, 2017, we owned mineral rights in Malaysia to 6 blocks: one exploration block with a net surface area of 2,104 km2 and five production/development blocks with a net surface area of 1,022 km2.
Net production in 2017 amounted to 3.0 mbbl of liquids and 29.3 bscf of natural gas, with a total equivalent net production of 8.2 mboe (22,589 boe/d). The proven reserves of liquids and natural gas at the end of the year were estimated at 35.5 mboe.
- In September, within the 6th phase of the development project of the PM-3 CAA block in Malaysia, the installation of a new wellhead platform was completed in the North area of this offshore field. The new platform (Bunga Pakma) will allow for increasing production levels in mid-2018 after the connection and commissioning works, as well as the drilling activities currently underway, are completed.
- In October, after the development drilling campaign carried out in the second half of the year and the connection and commissioning works of the platform, which was installed on June 8th, crude production started in the redevelopment of the Kinabalu offshore field in Malaysia. Repsol is the operating company, with a stake 60% in this project, located in the western portion of the Malay basin.
Net surface area
of mineral rights
Information on net production, net proved reserves, and mineral rights
as of December 31st, 2017