PETRONAS Carigali has awarded Baker Hughes a 23-year oilfield service agreement for offshore Malaysia. The companies will work together to boost Greater D18 fields’ recoverable reserves and hydrocarbons production.
The agreement came after a collaborative 2 1/2-year field development study that used Baker Hughes’ reservoir evaluation capabilities to analyze the geology and reservoir attributes of the mature and compartmentalized D18 fields. Production was revitalized in target wells with two integrated production enhancement programs. Further analysis helped establish a comprehensive field development plan.
Baker Hughes will participate in D18’s redevelopment cost in return for remuneration from the incremental production. The company has implemented a similar modeling strategy in other areas, including Mexico, the US and other areas of the Asia Pacific.
“The partnership between PETRONAS Carigali and Baker Hughes on this project represents a significant milestone in expanding our offering with reservoir development in addition to our traditional products and services portfolio,” Zvonimir Djerfi, president of Asia Pacific region for Baker Hughes, said.