GDF SUEZ, JX Nippon Acquire Block 3F, Offshore Sarawak, Malaysia

GDF SUEZ has jointly entered the offshore deep water exploration Block 3F in Malaysia in partnership with PETRONAS Carigali (40%), operator of the block, and JX Nippon Oil & Gas Exploration (Offshore Malaysia) (40%). GDF SUEZ holds 20% participating interest in the license. The license has been awarded by Malaysian Authorities to the consortium.

This new award reinforces the GDF SUEZ’s position in exploration-production and further consolidates its position in South-East Asia following the acquisition of a 20% working interest in Block 2F in Malaysia, in September 2013.

The license covers an area of approximately 4,200 km² in water depths ranging from 100 to 1,200 m, offshore Sarawak province, next to the block 2F. The deep water exploration campaign will last three years and will include the drilling of an exploration well. In case of gas discovery, gas will be marketed either through existing Bintulu LNG plant or through a FLNG.

Jean-Marie Dauger, Executive Vice President of GDF SUEZ in charge of Global Gas & LNG Business Line said: “GDF SUEZ reinforces its positioning in Asia-Pacific, a most promising region, through this new acquisition in exploration-production activities in Malaysia. The Group will benefit from these new opportunity in a high potential area, allowing new market opportunities with a potential LNG export to Asian markets.”

This is the sixth license acquired by the Group since the acquisitions of several licences in Asia-Pacific region from 2009: three offshore gas fields in Australia (2009) linked to the Bonaparte LNG project, two offshore exploration licences (2009, 2011), currently under development in Indonesia and the Block 2F (2013) in Malaysia.

GDF SUEZ E&P International holds a balanced portfolio of 344 licenses1 (54% operated) between mature regions and high potential exploration zones in 16 countries. In the Asia-Pacific region, GDF SUEZ is a partner in the development of the Jangkrik project in Indonesia, east of Borneo and the operator of the floating liquefaction project Bonaparte LNG in the North West of Australia.

Press Release, December 12, 2013

 

Share this article

Follow Offshore Energy Today

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply