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Gold/Mining/Energy : Lundin Oil (LOILY, LOILB Sweden)
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To: Tomas who wrote (1648)5/10/2000 11:44:00 AM
From: Tomas  Read Replies (1) of 2742
 
Lundin Oil: Malaysia/Viet Nam project underway - World Oil Magazine, May issue

Readers will notice that this month's issue includes our feature article on Malaysian E&P. While that article is rather comprehensive, it does not include mention of one project that was omitted, due to uncertain timing on a final decision. After the article went to press, Lundin Oil did announce that its $620-million Phase 2 development of offshore Block PM3-CAA in the Malaysia-Vietnam Commercial Arrangement Area has begun.

In partnership with Petronas-Carigali and Petrovietnam, Lundin's Phase 2 development of five oil and gas fields includes a central production platform (CPP) on Bunga Kekwa field, plus satellite platforms on Bunga Raya, Bunga Orkid and Bunga Pakma fields. Wellstreams from those fields will be transported by pipeline to the CPP via a separate wellhead riser platform (WHRP). Processed oil and condensate will be commingled and evacuated via the WHRP to an FSO vessel anchored about 1 mi away. Processed gas also will be moved from the WHRP to a gas export pipeline.

A Lundin management team has engaged a contractor to provide detailed drawings and specifications by the end of August. In addition, detailed specs are being developed for a 130,000-dwt FSO, for which tendering of the hull should occur by midyear. If all project sectors stay on schedule, first gas production should be achieved by third-quarter 2003.

worldoil.com
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