Layang Field is located approximately 7 km east of the producing Helang Gas Field in Block SK10. Natural gas produced from Layang Field, together with natural gas from Helang Gas Field, will be supplied through subsea pipelines to the MLNG Tiga Sdn. Bhd. liquefaction plant in Bintulu, Sarawak, which is partly owned by JXTG Nippon Oil & Energy Corporation. The natural gas will be sold as LNG after liquefaction to its customers including buyers in Japan.
The initial production of natural gas and condensate from Layang Field is estimated about 12 000 boed.
As per the Medium-Term Management Plan released on 12th May 2017, the company will allocate its business resources preferentially to the regions, such as Southeast Asia, where it can exercise its strength, pursuing strategy of selection and concentration. The company intends to maintain and strengthen its long-term good relationship in Malaysia and enhance its capacity to raise revenue through its E&P business activity as operator.
