Malaysia’s energy solutions provider, T7 Global, has unveiled its new mobile offshore production unit (MOPU). China State Shipbuilding Corporation Beihai Shipyard in Qing Dao, China held a grand naming ceremony where they revealed the name of the ship.
T7 Global has completed the MOPU TSEVEN SHIRLEY and is expected to set sail for the Nong Yao oil field in the Gulf of Thailand soon. Canada’s Valeura Energy will lease it in support of the Nong Yao C development. The Malaysian firm expects to gain long-term financial visibility from the contract worth RM400 million ($84.67 million).
Tan Kay Zhuin, Global Group Chief Executive Officer, expressed his delight in announcing the successful completion of the construction phase. Also, the naming ceremony for TSEVEN SHIRLEY. Following the ceremony, TSEVEN SHIRLEY will start its journey to the Nong Yao field to continue with the remaining activities.”
Recently, Valeura Energy outlined its plans for 2024. To boost production, they entail a drilling program across multiple offshore fields in the Gulf of Thailand. At the time, the firm anticipated transporting the MOPU to the Nong Yao field in February 2024. A pipeline would connect the existing field infrastructure here. To serve as the wellhead production platform for the Nong Yao C field extension.
“This MOPU shall begin its charter in 2024 for the next five years ensuring long-term financial visibility for the group. It is similar to the ten-year charter of TSEVEN ELISE MOPU in Malaysia waters. The group will focus on expanding its offshore energy assets as one of the growth drivers in the coming years,” added Zhuin.
Installation and Commissioning
Valeura intends to kick off a drilling program of nine development wells:
1) six producers
2) three water injectors
while simultaneously performing debottlenecking works on the existing facilities to accommodate the new production. The first production from the Nong Yao C extension is expected in June 2024.
The Nong Yao oil field is located in the central part of the Pattani basin in the Gulf of Thailand. It is approximately 160 km offshore and 75 meters deep. On an acquired net working interest basis, the oil field estimate indicates that it contains 12.4 million barrels of 2P oil reserves.
