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CORRECTED-Malaysia delays crude exports start from Sabah terminal by 3 months-sources

Wed, 12th Feb 2014 08:12

(Corrects headline and story body to clarify that the delay isin the start of crude exports, not the whole terminal)

SINGAPORE, Feb 11 (Reuters) - Malaysian state firm Petronas has postponed the start of crude exports from an oiland gas production facility in Sabah by at least three monthsdue to a technical issue, industry sources said on Tuesday.

The Sabah Oil and Gas Terminal in Kimanis bay is key in thecountry's plan to boost its crude production and exports fromseveral deepwater oilfields in east Malaysia, but the start ofcrude exports has been delayed by problems at a semi-submersibleplatform that links the oilfields to the terminal.

Crude exports were scheduled to start in the first quarter,but the terminal may now export crude only in June or in thesecond half of the year, the sources said.

Petronas could not be immediately reached for comment.

The terminal can handle up to 300,000 barrels per day (bpd)of crude oil and 1.0 billion standard cubic feet of gas per day,according to Petronas' website.

It will initially export the 25,000 barrels per day (bpd)output from the Gumusut-Kakap field and the volume will increaseto 70,000 bpd a year later, a source with knowledge of thematter said.

Much of Malaysia's added oil output will come from theGumusut-Kakap and Malikai fields offshore Sabah operated byRoyal Dutch Shell. (Reporting by Florence Tan; Editing by Keiron Henderson)

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