The energy company Shell and its subsidiary Sarawak Shell Berhad (SSB), announced that it has taken a final investment decision (FID) on the Timi gas development project, together with its partners PETRONAS Carigali Sdn Bhd and Brunei Energy Exploration.
This unmanned platform is approximately 60% lighter than a conventional Tender Assisted Drilling (TAD) wellhead platform. This project also includes the drilling of two wells.
The Upstream Director of Shell, Wael Sawan said:
“Timi, which is powered by a solar and wind hybrid power system, demonstrates Shell’s capabilities to innovate and deliver safe, reliable, and sustainable projects, in line with our commitment to achieve net-zero emissions by 2050 in step with society.
“Shell is pleased to be able to progress this project in a competitive and responsible manner, as part of the vital role Upstream plays in delivering Shell’s strategy and in support of economic growth in Malaysia.”
The development project is designed to reach up to 50,000 barrels of oil equivalent every day (boe/d) peak production and will evacuate its gas to the F23 production hub via an 80 km pipeline while supporting the future growth in the central Luconia area, off the coast of Sarawak.
Shell Malaysia being one of the pioneers in building the country’s energy industry, the company aims to lead the country’s energy transition by increasing investment in lower carbon energy solutions, while pursuing competitive and carbon resilient Upstream investments.
