Block G PSC co-venturers Shell Malaysia, Petronas Carigali, and ConocoPhillips Sabah Ltd. announced that they will develop the deepwater Malikai oil field, approximately 100 km (62 miles) offshore Sabah, Malaysia, according to a Shell press release.

The field, located in waters up to 500 m (1,640 ft) deep, is part of the Block G production-sharing contract awarded by Petronas in 1995, according to the press release. Operated by Sabah Shell Petroleum Company, it is the country’s third deepwater project. Shell and ConocoPhillips each hold 35% interest in the development, while Petronas Carigali has 30%.

“Malikai is an exciting oil development in Shell Malaysia’s upstream portfolio and will cement Malaysia’s position as a regional deepwater hub and center of excellence,” Iain Lo, chairman of Shell Malaysia, said in the press release.

The Malikai development will require 17 wells drilled from a 23,500-tonne tension-leg platform (TLP) production facility, the first TLP to be fabricated and installed in Malaysia, the company said. The contracts for the engineering, procurement, and construction of the TLP have been awarded.