Name: Terengganu Area
Brand: Wood Mackenzie
SKU: 32835
Price: 3720 USD
Availability: OnlineOnly
Author: Wood Mackenzie

Asset Report 09 September 2025

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Report summary

This report covers two active PSCs, one future PSC and two expired PSCs that covers production from this area from 1976 to 2034. The active PSCs are operated by ExxonMobil and includes production from multiple oil and gas fields off Peninsular Malaysia. The current active PSCs include the 2008 PSC, which covers the oil production from the southern fields, and the Gas PSC, which covers the northern gas fields and associated gas production from the southern fields. Oil production peaked over 360,000 b/d in 1994, but has since declined below 100,000 b/d in 2017. The operator started EOR programs across the fields to arrest production decline. Gas production from the Terengganu area feeds into the Peninsular Gas Utilisation (PGU) project and provides almost half of Peninsular Malaysia's gas supply.

Summary
- Summary
Key Issues
- 1976 EPMI PSC (expired)
- 1995 JV PSC (expired), 2008 PSC (active), and PM9 (outside scope of report)
- Gas PSC
Unitisation
Geology
Initial exploration
1990 onwards
Liquids
Gas
Liquids
Gas
- Emissions
Recent and ongoing developments
- Enhanced Oil Recovery scheme
- Tapis EOR
- Guntong EOR
- Angsi Chemical EOR (CEOR)
Telok (2013)
- Key Development Metrics - Telok
27 more item(s)...