ExxonMobil, along with its joint-venture partner Petronas Carigali, has planned a total of 16 development wells for the platform.
ExxonMobil Exploration and Production Malaysia, a subsidiary of ExxonMobil, holds a 50% stake in the project, while the Petronas Carigali holds the remaining 50% stake.
ExxonMobil Development president Neil Duffin said that Damar will help meet increasing natural gas demand in Malaysia.
"It also represents one of several projects that will add to ExxonMobil’s global production in the coming years as we remain focused on delivering profitable volumes over the long term," Duffin added.
Damar field, which has been developed under a gas production sharing contract between ExxonMobil, Petronas Carigali and Petronas, has a projected capacity of 200 million cubic ft of gas per day.
ExxonMobil, which is the refiner and marketer of petroleum products, is the operator of Damar field.
