PETRONAS Canada earns Equitable Origin certification
Equitable Origin said December 13 PETRONAS Energy Canada, a subsidiary of Malaysia’s state-owned PETRONAS, had earned EO100™ certification of its North Montney Joint Venture (NMJV) assets, some of which underpin the LNG Canada project, in which PETRONAS has a 25% equity interest.
“Developing resources in a responsible way starts with a strong commitment to sustainability,” PETRONAS Canada CEO Izwan Ismail said. “Along with our sustainability strategy, achieving the EO100™ certification helps differentiate PETRONAS Canada in the natural gas market and further demonstrates our commitment to responsible operations.”
The EO100™ assessment covers the joint venture’s 800,000 gross acres of assets in the North Montney, including 750 drilled wells and an estimated 53 trillion ft3 of natural gas reserves and contingent assets. Production is currently about 108,000 barrels of oil equivalent (boe)/day.
PETRONAS has said it expects to supply about 500mn ft3/day of NMJV gas production to the LNG Canada liquefaction terminal when it becomes operational in 2025.
PETRONAS Canada is the operator of the joint venture and holds a 72% interest in its assets. Joint venture partners include Sinopec Huadian Montney Limited Partnership, Indoil Montney Ltd, and BE Montney Holdings Limited.