Malaysia’s Petronas said Friday that production at its Banang offshore field in Malaysia began three months ahead of schedule.
The field is expected to produce an average of 6,000 barrels per day.
The Banang field facility has one mobile offshore production unit, one storage tanker with approximately 600,000 barrels storage capacity, one well bay module and one flexible flow line.
Production rate is expected to range from 4,530 bpd to 16,495 bpd of oil, 4 million standard cubic feet per day to 14 million standard cubic feet per day of gas, and 1,646 bpd to 30,049 bpd of water.
Banang is part of the Kapal, Banang and Meranti (KBM) cluster of marginal fields that were awarded to a consortium of Malaysia-based companies Coastal Energy, Petra Energy and Petronas.
Coastal is the operator of the KBM cluster.
The Kapal field came onstream in December of 2013 with an initial production of 10,000 barrels per day and a peak production of 13,000 barrels a day.
The KBM fields are located within 12 miles of each other in a water depth of 196 feet.
The KBM cluster is an eight year development project.