ConocoPhillips is re-engaging with suppliers of floating production, storage and offloading vessels as it seeks to unlock the development of its Salam-Patawali oil project offshore Sarawak in Malaysian waters.
The US independent operates offshore Block WL4-00, which is home to the Salam, Patawali and Benum oil discoveries.
It has been working discreetly on development solutions for the project for a few years, and is eyeing the potential for first production by as early as 2026, industry sources told Upstream.
The company recently initiated a process for carrying out technical studies on the project, engaging with leading FPSO contractors in the region, according to sources with direct knowledge of the development.
