Shell has delivered a final investment decision for the Timi gas development project in Malaysia, the company’s first to be powered by solar and wind.
Subsidiary Sarawalk Shell Berhad (SSG) will operate Timi, holding 75 per cent equity, with partners PETRONAS Carigali Sdn Bhd and Brunei Energy Exploration holding 15 per cent and 10 per cent, respectively.
The Timi project is a sweet gas field that was discovered in 2018 under the SK318 production sharing contract.
Shell upstream director Wael Sawan said the project would use a solar and wind hybrid power system.
“Timi, which is powered by a solar and wind hybrid power system, demonstrates Shell’s capabilities to innovate and deliver safe, reliable, and sustainable projects, in line with our commitment to achieve net-zero emissions by 2050 in step with society,” Sawan said.
“Shell is pleased to be able to progress this project in a competitive and responsible manner, as part of the vital role Upstream plays in delivering Shell’s strategy and in support of economic growth in Malaysia.”
Shell will design Timi to produce up to 50,000 barrels of oil equivalent per day at its peak output.
It features an unmanned wellhead platform that links back to Shell’s F23 hub platform through an 80-kilometre pipeline.
Timi is located around 252 kilometres north-west of Bintulu, Sarawak.
Shell has adopted engineering expertise, market engagement and competitive scoping to make Timi 60 per cent lighter than conventional designs.
The project also supports Shell’s commitment to provide clean energy solutions through its solar and wind hybrid power generation system.
This extends to Shell Malaysia, who aim to push Malaysia’s energy transition forward through low carbon solutions.
Shell earned $US14.2 billion ($19.4 billion) in cash flow from its operations in the June quarter of 2021.