Petrofac Resources has acquired a 40.5% interest in the Cendor field in block PM304 offshore Peninsular Malaysia from Amerada Hess. The acquisition will effectively make Petrofac the new operator of the field.
The other partners in the field are Petronas Carigali with 30%, Kuwait Foreign Petroleum Exploration Company 25% and PetroVietnam Investment Development Company 45%.
The Cendor field is located in the northeast corner of Block PM304 in about 70 metres of water with principal producing horizons in the H Group of Middle Miocene sands. Nearest infrastructures includes the Dulang oil field FSO to the north, Resak gas facilities to the northwest and Tapis oil facilities in the east.
Previous Production Sharing Contractors drilled 8 wells on the structure, before Amerada Hess drilled 2 more wells on seismic amplitude responses that tested oil at commercial rates. Base reserves are 20 million barrels of oil with significant upside potential. The field will be developed in two phases with significant operational co-operation between Petrofac and Petronas.
Rory Edwards, Petrofac Resources' Vice-President of Business Development and Richard Hall, Petrofac Resources' Vice-President, Operations and Development, will continue to lead the project after completion.
