Malaysia

In 2018 we were present in Malaysia with our Exploration and Production businesses

Exploration and Production/Development

By the end of 2018, Repsol had the mineral rights to 6 blocks in Malaysia: 1 exploration block, with net surface area of 2,104 Km2, and 5 production/development blocks with a net surface area of 1,022 Km2.

Net production in 2018 was 3.8 Mbbl of liquids and 24.7 Bcf of natural gas, with a total net production equivalent 8.2 Mboe (22,381 boe/d). The estimated net proven reserves for liquids and natural gas at the end of the year were 30.2 Mboe.

Milestones 2018

Gas sale contract extended in PM-3 CAA, and production started in new wells

  • Repsol will be the offshore block PM-3 CAA operator, with 41.44% interest. For this block, an extension to the sale of gas contract has been agreed, in accordance with the extension until December 2027 of the Production Sharing Contract signed in 2016; gas production has started in the Bunga Pakma gas development project.
  • Furthermore, new wells in the redevelopment project of the Kinabalu offshore block - in the western region of the Malay basin - entered production. In 2017, crude production began in this project, where Repsol is the operating company with 60% interest. The total yearly average production for the block was 17,050 Boe/d in 2018.
Data as of December 31, 2018.
Net surface area
of mineral rights
3,126km2
 
Net
Production
22,381
barrels of oil
equivalent per day
Net proved
reserves
30.2
million barrels
of oil
equivalent
Malaysia