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.
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.
of mineral rights
equivalent per day