(PRESS RELEASE) THE HAGUE, 30-Aug-2021 — /EuropaWire/ — Royal Dutch Shell plc (AMS: RDSA), a Dutch-British multinational oil and gas company, has announced that its subsidiary Sarawak Shell Berhad (SSB) has taken a final investment decision (FID) on the Timi gas development project and, together with its partners PETRONAS Carigali Sdn Bhd and Brunei Energy Exploration, look forward to delivering this for Malaysia.
The Timi field is situated approximately 200 kilometres (km) off the coast of Sarawak, in Malaysia. The Timi development features SSB’s first wellhead platform in Malaysia that is powered by a solar and wind hybrid renewable power system. This unmanned platform is approximately 60% lighter than a conventional Tender Assisted Drilling (TAD) wellhead platform. This project also includes the drilling of two wells.
“Timi, which is powered by a solar and wind hybrid power system, demonstrates Shell’s capabilities to innovate and deliver safe, reliable, and sustainable projects, in line with our commitment to achieve net-zero emissions by 2050 in step with society. Shell is pleased to be able to progress this project in a competitive and responsible manner, as part of the vital role Upstream plays in delivering Shell’s strategy and in support of economic growth in Malaysia,” said Wael Sawan, Shell Upstream Director.
The Timi development is designed to reach up to 50,000 barrels of oil equivalent per day (boe/d) peak production and will evacuate its gas to the F23 production hub via an 80 km pipeline while supporting the future growth in the central Luconia area, off the coast of Sarawak.
As one of the pioneers in building the country’s energy industry, Shell Malaysia aims to lead in the country’s energy transition by increasing investment in lower carbon energy solutions, while pursuing competitive and carbon resilient Upstream investments.
Notes to editors
- Timi is a sweet gas field discovered in 2018 under the SK318 PSC.
- It will have a new unmanned wellhead platform (WHP) tied back to the existing Shell operated F23 hub platform via a new 80km pipeline.
- Timi will be developed as part of the SK318 Production Sharing Contract with Sarawak Shell Berhad (SSB) as the Operator holding 75% equity. The other two partners are PETRONAS Carigali Sdn Bhd (15%) and Brunei Energy Exploration (10%)
- Timi is located at approximately 252 km north-west of Bintulu, Sarawak and 202km north-west from Miri, Sarawak
- Leveraging engineering expertise, early market engagement and driving competitive scoping have resulted in a design that is 60% lighter than conventional designs.
- The Timi development concept supports Shell’s commitment towards providing cleaner energy solutions by adopting a solar and wind hybrid power generation system instead of conventional power generation systems that rely mainly on hydrocarbon combustion.
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SOURCE: Royal Dutch Shell plc