Borneo Seaoffshore has today signed a letter of award worth RM 51m ($12m) to charter a deepwater platform supply vessel from Icon Offshore.
The unnamed vessel will undertake support work for Kebabangan Petroleum Operating Company (KPOC) in the Kebabangan Cluster fields in the South China Sea.
The two-year contract commenced on November 12 and includes and additional one-year extension option. The extension period is included in the RM 51m contract value.
KPOC is operator of the Kebabangan Cluster fields, approximately 130km northwest of the coast of Kota Kinabalu in Sabah, Malaysia.
The cluster itself is owned by Petronas Carigali (40%), ConocoPhillips (30%) and Shell (30%). The three co-owners signed the development and production sharing contract for the field in 2007.
The Kebabangan field is estimated to contain approximately 2 trillion cubic feet (cf) of gas, and will produce 130m to 140m barrels of oil equivalent per day at its peak. Natural gas production began at the field in November 2014.
An integrated drilling and production platform has been installed at the field with capacity to handle 825m cf of gas and 22,000 bbl of condensate per day.
