KUALA LUMPUR, Jan 29 — Petronas is looking at decommissioning mature assets in the country’s upstream operations, including the Sabah-Sarawak Gas Pipeline (SSGP).
The 500km natural gas pipeline, which has been operational since early 2014, connects Kimanis in Sabah to Bintulu in Sarawak.
In its Activity Outlook for 2025-2027 report, the national oil firm said the process involves assessing unused assets for potential repurposing.
“For the next three years, decommissioning plans include the plugging and abandonment of about 153 wells and the abandonment of about 37 offshore facilities and one onshore facility, namely, the SSGP,” it said.
Petronas also said that for the next two years, about 15 exploration wells are set to be drilled each year, focusing on shallow and deepwater wells.
Additionally, it expects more than 400 wells to be drilled, and 39 upstream projects to be implemented over the next three years.
This includes the construction of three offshore central processing platforms and three onshore facilities, and the fabrication and installation of about 900km of pipelines.
To ensure optimal production of the producing fields and facilities, Petronas said about 367 facility improvement plans (FIPs) are set for the next three years.
These include procurement, construction, installation and commissioning, and f6 rejuvenation project gas turbine generator replacement.
Petronas added that the FIPs contribute to decarbonisation initiatives by curbing flaring at new onshore facilities.
The company is also positioning carbon capture and storage as a pivotal business, particularly the Kasawari project, while for downstream business, Petronas is pursuing growth in specialty chemicals.
— Bernama
