ConocoPhillips has begun gas production from the Kebabangan (KBB) gas field, located approximately 60 miles offshore Malaysia. Production will ramp-up as pipeline capacity becomes available.
'This is the third major project startup planned in Malaysia this year, with Siakap North-Petai brought on stream in the first quarter and the Gumusut-Kakap floating production facility starting up in October,' said Matt Fox, executive vice president, Exploration and Production. 'These projects will contribute to the company's organic growth over the coming years.'
Project startups in Malaysia are expected to add approximately 60,000 barrels of oil equivalent per day (BOED) to the company's production volumes by 2017. The addition of these high-margin barrels are an important part of the company's overall plan to deliver annual 3 to 5 percent production and margin growth.