September 24, 2013

ExxonMobil Invest RM10 Billion on Tapis EOR Project in Malaysia

The RM10 billion Tapis Enhance Oil Recovery (EOR) project demonstrates ExxonMobil's continuing commitment to Malaysia and its partnership with Petronas to produce domestic supplies of oil and gas to meet the country's increasing energy needs.

ExxonMobil Exploration and Production Malaysia President and Chairman J. Hunter Ferris said the Tapis project also continues the tradition of strengthening and expanding the capabilities of Malaysian companies.

Over the last 25 years, ExxonMobil had invested more than RM50 billion in Malaysia, creating not only jobs within its own operations, but many more jobs in the service and manufacturing sectors that support them.

As a production sharing contractor for Petronas, ExxonMobil operates more than 40 platforms in 18 Offshore fields.

"The Tapis EOR project enables ExxonMobil to continue its long-term commitment to building the Malaysian workforce through sharing of best practices and project management skills.

"We will continue to work together with Petronas and Carigali to develop the country's significant petroleum resources for the benefit of Malaysia and its citizens and ensure sustainable energy supplies for the future," he said in his speech at the Tapis-R Topsides Onshore Fabrication celebrations at Malaysia Marine and Heavy Engineering (MMHE) yard in Pasir Gudang.

Also present were Petronas' President and Group Chief Executive Officer Tan Sri Shamsul Azhar Abbas, Executive Vice-President Exploration and Production, Datuk Wee Yiaw Hin and MMHE Chairman Datuk Nasaruddin Md Idris.

Ferris said the Tapis EOR project will be Malaysia's first full field EOR project and one of the largest offshore EOR project in South East Asia.

"Under the Tapis EOR project, techniques using Water-Alternating-Gas injection at the Tapis waterflood reservoirs are expected to improve oil recovery and bring a new lease of life to the field," he said.

The Tapis R is an intergrated deck weighing an estimated 18,000 metric tonnes with space for production processing equipment, utilities systems and living quarters for 145 personnel, he said.

Its jacket is the heaviest built by ExxonMobil in Malaysia, weighing in at 5,500 metric tonnes, he said.

He also congratulated the Tapis Project Management Team working together with MMHE that clocked more than 9 million manhours without a lost time incident on the project to date.

The Tapis EOR project is one of the several upstream investments highlighted by the Prime Minister Datuk Seri Najib Tun Razak under Malaysia's Economic Transformation Programme (ETP) in 2011, he said.

Under the programme, ExxonMobil and its joint-venture partner, Petronas Carigali Sdn Bhd, will invest over RM10 billion in the Tapis EOR project.

Source: Bernama