GDF Suez, Partners Acquire Gas Block Offshore Malaysia

GDF Suez, along with Petronas and JX Nippon Oil & Gas Exploration, has been awarded deep water exploration Block 3F offshore Malaysia.

The French firm will hold 20% interest while Petronas and JX Nippon will have 40% stake each.

GDF had in September acquired 20% stake in Block 2F in Malaysia.

The license covers an area of approximately 4,200 km² in water depths ranging from 100 to 1,200 m, offshore Sarawak province, next to the block 2F.

According to a company statement, the deep water exploration campaign will last three years and will include the drilling of an exploration well and in case of gas discovery, gas will be marketed either through existing Bintulu LNG plant or through a FLNG.

This is the sixth license acquired by the Group since the acquisitions of several licences in Asia-Pacific region from 2009: three offshore gas fields in Australia (2009) linked to the Bonaparte LNG project, two offshore exploration licences (2009, 2011), currently under development in Indonesia and the Block 2F (2013) in Malaysia.

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