KUALA LUMPUR: Petronas Carigali Sdn Bhd has awarded a US$280 million contact to London Stock Exchange-listed Petrofac to develop an offshore early production system on the east coast of Peninsular Malaysia.
Petrofac said on its website on Thursday, Dec 30, said the contract was awarded following a competitive tender and first oil is expected before the end of 2011.
Under the contract, Petrofac will undertake the engineering, procurement, CONSTRUCTION [], installation and commissioning (EPCIC) for the full scope of the early production system in a water depth of approximately 65 metres.
The EPCIC will comprise of a mobile offshore production unit (MOPU), a floating storage and offloading (FSO) facility for the early production of approximately 20,000 barrels of oil per day, and all interconnecting subsea pipelines.
Petrofac said these facilities would be similar to those of the Cendor phase I development,'' also undertaken by Petrofac on behalf of Petronas in record time under a production sharing contract framework.
Among the local partners supporting Petrofac in this project are Kencana HL, which will add all the processing equipment to the MOPU, and BumiArmada which will supply and install the FSO.
Petrofac said on its website on Thursday, Dec 30, said the contract was awarded following a competitive tender and first oil is expected before the end of 2011.
Under the contract, Petrofac will undertake the engineering, procurement, CONSTRUCTION [], installation and commissioning (EPCIC) for the full scope of the early production system in a water depth of approximately 65 metres.
The EPCIC will comprise of a mobile offshore production unit (MOPU), a floating storage and offloading (FSO) facility for the early production of approximately 20,000 barrels of oil per day, and all interconnecting subsea pipelines.
Petrofac said these facilities would be similar to those of the Cendor phase I development,'' also undertaken by Petrofac on behalf of Petronas in record time under a production sharing contract framework.
Among the local partners supporting Petrofac in this project are Kencana HL, which will add all the processing equipment to the MOPU, and BumiArmada which will supply and install the FSO.
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