GDF SUEZ pursues its development in the Asia-Pacific region with a first exploration and production licence in Malaysia
GDF SUEZ has jointly entered the offshore deep water exploration Block 2F in Malaysia in partnership with JX Nippon Oil & Gas Exploration (Offshore Malaysia) Sdn. Bhd. (40%), the operator of the block, and PETRONAS Carigali Sdn. Bhd. (40%). GDF SUEZ holds 20% participating interest in the license. The license has been recently awarded by Petroliam National Berhad (PETRONAS), the national oil company of Malaysia, to the consortium. This is the first GDF SUEZ exploration & production licence in Malaysia.
Block 2F is located in the offshore Sarawak region, North-West of Borneo island, about 300-400 km off the coast of Malaysia. The license covers an area of approximately 5,500 km2 in water depths ranging from 100 to 1,200 m and lies in the Rajang Delta province. The deep water exploration campaign will last four years and will notably include different types of studies to prepare the drilling of an exploration well.
Jean-Marie Dauger, Executive Vice President of GDF SUEZ in charge of Global Gas & LNG Business Line said: “Through this acquisition, GDF SUEZ is strengthening its positioning in Asia-Pacific in a high potential area for exploration and production activities. Malaysia is a competitive landscape, where still a large part of active blocks are not yet licensed. The Group will take advantage of these new opportunities, especially through the potential LNG export to Asian markets”.
GDF SUEZ is already present in Malaysia in energy efficiency activities, through a partnership with Cyberview Sdn Bhd to operate and manage the district cooling network in Cyberjaya, Malaysia’s premier cybercity. GDF SUEZ is also selling LNG to PETRONAS to supply the first regasification capacities in Malaysia.
GDF SUEZ Exploration & Production International holds a balanced portfolio of 344 licences1 (54% operated) between mature regions and high potential exploration zones in 16 countries. In the Asia Pacific region, GDF SUEZ is a partner in the development of the Jangkrik project in Indonesia, east of Borneo and the operator of the floating liquefaction project Bonaparte LNG in the North West of Australia.
1 Figures at the end of 2012
GDF SUEZ develops its businesses (power, natural gas, energy services) around a model based on responsible growth to take up today’s major energy and environmental challenges: meeting energy needs, ensuring the security of supply, fighting against climate change and maximizing the use of resources. The Group provides highly efficient and innovative solutions to individuals, cities and businesses by relying on diversified gas-supply sources, flexible and low-emission power generation as well as unique expertise in four key sectors: independent power production, liquefied natural gas, renewable energy and energy efficiency services.GDF SUEZ employs 138,200 people worldwide and achieved revenues of €82 billion in 2012. The Group is listed on the Paris, Brussels and Luxembourg stock exchanges and is represented in the main international indices: CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe, ASPI Eurozone, Euronext Vigeo Eurozone 120, Vigeo World 120, Vigeo Europe 120 and Vigeo France 20.