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Production Begins from the Kebabangan Gas Development
Production from the Kebabangan Gas Development
Sammy
Cindy Z
$1.25
Monday, February 17, 2014
Vol XCIII, No. 311
Types of Asset and what phases of EAM cycle it represents
Activity : Gas production
The assets in the project are developed
natural gas.
The project represents the following phases:
- drilling,
- completion,
- equipping and facilities,
- maintenance and production operations.
Kebabangan (KBB) Gas Field
EAM disciplines required and roles
Completion
Drilling
-ConocoPhillips announced gas production from Kebabangan (KBB) gas field
-Exported to Sabah Oil and Gas Terminal in Kimanis.
-The gas production is anticipated to increase 60,000 BOED (barrel of oil equivalent per day) by 2017
The required EAM disciplines in completions include
- mineral land
- surface land
- joint venture
- well asset management
- operation accounting
The EAM disciplines required to participate in drilling are
- mineral land
- surface land
- joint venture
- well asset management
- operation accounting
Matt Fox, executive vice president, Exploration and Production states "These projects will contribute to the company's organic growth over the coming years."
Key Performance Indicator
Equipping and facilities
stakeholders
SIGNIFICANCE OF THE PLAY
References
The disciplines required in equipping and facilities
- mineral land
- surface land
- joint venture
- well asset management
- operation accounting
- News Releases. (n.d.). Retrieved November 17, 2014, from http://www.conocophillips.com/newsroom/Pages/2014/Production-Begins-from-the-Kebabangan-Gas-Development-in-Malaysia.aspx
- KPOC hits first gas at Kebabangan. (n.d.). Retrieved November 17, 2014, from http://www.oilonline.com/news/upstream/kpoc-hits-first-gas-kebabangan
- First Gas Flows from Kebabangan Field Offshore Sabah, Malaysia. (n.d.). Retrieved November 17, 2014, from https://www.rigzone.com/news/oil_gas/a/135887/First_Gas_Flows_from_Kebabangan_Field_Offshore_Sabah_Malaysia
- Production begins from the Kebabangan gas development in Malaysia (Scandinavian Oil-Gas Magazine). (n.d.). Retrieved November 17, 2014, from http://www.scandoil.com/moxie-bm2/news/production-begins-from-the-kebabangan-gas-developm.shtml
Maintenance and production operation
Stakeholders in this play are Petrons, ConocoPhillips Sabah Ltd and Shell Energy Asian Ltd.
- Petron hold 40% working interest
- ConocoPhillips Sabah Ltd hold 30%
- Shell Energy Asian Ltd hold 30%
Key indicators that effects ConocoPhillips’ assets are cash flow and production volume (BOED).
The significance of the project producing from over seas targets the Asia market.
The project signifies a beginning of multiple directions investment around the world.
The disciplines required in Maintenance and production operation are
- mineral land
- surface land
- joint venture
- well asset management
- operation accounting