Lundin Oil boosts production offshore Malaysia/Vietnam
Lundin Malaysia Limited, together with Petronas Carigali and Petrovietnam Exploration & Production are implementing a production enhancement project at their Bunga Kekwa field located in the offshore PM3 Commercial Arrangement Area between Malaysia and Vietnam.
The Bunga Kekwa field has been in production since July 1997. The production enhancement program has successfully boosted field production from 13,500 barrels of oil per day (``bopd') to 15,000 bopd since 6 October 2000.
This increase was achieved through re-perforations of two producing wells. As a next step, design work is currently under way to boost production from other producers and to drill two additional development wells during first quarter 2001. This program will result in an estimated sustainable production rate of 17,000 bopd.
Work on the Phase II development project, which will produce 40,000 barrels of oil and condensate per day and 250 million standard cubic feet of gas per day from September 2003, is proceeding on schedule.
Basic engineering has been completed and tender invitations have been issued for the central processing platform and long-lead compressors and generators.
As a result of optimization studies, capital costs associated with Phase II have been reduced by approximately US $100 million or 16 percent of the original budget of US$620 million.
© 2000 Mena Report (www.menareport.com)