Sabah Shell Petroleum Company will be the operator of the development, which will deploy the region’s first deepwater floating production system, with a processing capacity of 150,000 barrels of oil per day.
The field, which is in waters of up to 1,300 meters deep, will be developed using 19 subsea wells. It is planned that the oil will be exported via a pipeline to a new oil and gas terminal, which will be built in Kimanis, Sabah.
The Gumusut and Kakap fields were combined into a single development under a unitization and unit operating agreement signed by the joint venture partners in 2006.
Shell and ConocoPhillips Sabah each hold a 33% interest in the development, while Malaysian energy firm Petronas Carigali has a 20% stake. The remaining 14% stake is held by independent energy firm Murphy Oil.
