Shell sanctions Timi gas project off Malaysia
Shell on August 30 announced that it had taken a final investment decision on the Timi gas development project off Malaysia. It is partnered with Petronas and Brunei Energy Exploration at the project.
The Timi field is situated approximately 200 km off the coast of Sarawak. The Timi development features SSB’s first wellhead platform that is powered by a solar and wind hybrid renewable power system. This unmanned platform is approximately 60% lighter than a conventional tender assisted drilling wellhead platform, Shell said. This project also includes the drilling of two wells.
|
Advertisement: The National Gas Company of Trinidad and Tobago Limited (NGC) NGC’s HSSE strategy is reflective and supportive of the organisational vision to become a leader in the global energy business. |
“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,” said Wael Sawan, Shell upstream director.
The Timi development is designed to reach up to 50,000 barrels of oil equivalent/day peak production and will evacuate its gas to the F23 production hub via an 80-km pipeline. Timi will be developed as part of the SK318 production sharing contract with Sarawak Shell as the operator holding 75% equity. Petronas owns 15% stake and Brunei Energy holds 10%.