April 26, 2012

Carigali PTTEPI Operating Company Sdn Bhd (CPOC)


Carigali PTTEPI Operating Company Sdn Bhd (CPOC) serves as the Operator under the Joint Operating Agreement (JOA) dated 21st April 1994 between Petronas Carigali JDA Ltd, Malaysia and PTTEPI, Thailand in respect of the exploration and exploitation of petroleum under the Production Sharing Contract (‘PSC’) dated 21st April 1994 between the Malaysia – Thailand Joint Authority (MTJA) Block B-17 and C-19. Located in the area of overlapping continental shelf claimed by both Malaysia and Thailand at the lower part of Gulf of Thailand near the South China Sea. Geological, this overlapping area, situated in the northern part of the prolific Malay Basin, is known for its hydrocarbon potential. Under this Joint Operating Agreement ( JOA’), PCJDAL and PTTEPI each entitled to a fifty per cent (50 %) participating interest of all rights, interests, privileges, duties and obligations. The signed Gas Sales Agreement (GSA) between MTJA, PCJDAL and PTTEPI (as Sellers) and PTT Public Company Limited (as Buyer) which was signed on 16th June 2005 will mark the milestone for future gas export via PTT pipeline from the field to onshore facilities in Thailand. The first gas will be expected by 1st July 2008.

History:

In September 2002, MTJA made an exclusive offer to PCJDAL and PTTEPI to jointly acquire the relinquished areas of Blocks A-18, B-17 and C-19 in the MTJDA under a new PSC. This relinquished area with an area 3475 square kilometers, is known as Block B-17-01 signed between PCJDAL and PTTEPI simultaneously on the 30th September 2004, CPOC has also been designated the Operator for Block B-17-01. Both PCJDAL and PTTEPI have a fifty per cent (50%) participating interest of all rights, interests, privileges, duties and obligations under this JOA. Discoveries from these activities will open up to business expansion for CPOC. Since its inception in 1994, CPOC had carried extensive exploration activities leading to successful 9 gas field discoveries namely Muda, Tapi, Jengka, Amarit, Mali, Jengka West, Jengka South, Jengka East and Muda South. The major gas filed in the block, Muda, is about 260km from Songkhla in Southern Thailand and about 380km from Kemaman supply base in East Cost of Peninsular Malaysia. The current activity for CPOC Block B-17 is on the field development planning stage (FDP), whereas Block B-17-01 is currently in the Exploration stage.
    
Product and Services:

The objective of Block B-17 development is to deliver the required Daily Contractual Quantity (270 MMSCFD sustained for next 10 years and 250 MMSCFD for the following 6 years) within HSE standards and at lowest total cost.


Cultures and Values:

Vision: "The leading Joint Operating Company in the E & P business" 
Mission: To, professionally and responsibly, explore, develop & produce oil and gas resources from the contracted acreage of the Malaysia-Thailand Joint Development areas, creating value and sustainable hydrocarbon resource development for stakeholders.

Company Address:
Carigali PTTEPI Operating Company Sdn Bhd
Level 8, Tower 2, Petronas Twin Tower,
Kuala Lumpur City Center (KLCC),
Kuala Lumpur, Malaysia




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