North Malay Basin is a long-life natural gas asset comprised of nine discovered natural gas fields with an estimated gross recoverable resource of more than 1.5 trillion cubic feet of natural gas and more than 20 million barrels of condensate.
The North Malay Basin Block PM302 is located approximately 186 miles (300 km) offshore the Trengganu Gas Terminal in the Gulf of Thailand, with a water depth of approximately 180 feet (55 m) and multiple gas bearing zones located at depths of 3,500 – 10,000 feet (1,000 – 3,000 m).
The North Malay Basin full field development achieved first production of natural gas in July 2017. Hess is the operator with 50% interest. Production is on track to reach its planned plateau rate of 165 million cubic feet per day in the fourth quarter 2017. North Malay Basin will be a significant long-term low-cost cash generator for the company.
Petronas Carigali, also Hess’ partner in the adjacent Block A-18 located in the Malaysia–Thailand Joint Development Area (JDA), owns the remaining 50-percent working interest. The North Malay Basin Full Field Development project benefits from a strong and long-term Petronas-Hess relationship and leverages experience gained from other projects within the JDA.
The North Malay Basin Production Sharing Contract was signed in June 2012, and early production began in October 2013 from the Kamelia Field. After project completion, the production capacity will quadruple to gross 400 MMSCFD.