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Malaysia offshore field fires up
Malaysia offshore field fires up
Dateline 2021-07-30, Upstream: Petrofac has brought on stream its East Cendor oilfield on Block PM 304 offshore Peninsular Malaysia.East Cendor is the fourth field to be exploited on the block, following Cendor, West Desaru and Irama.The project comprises the development of a single new wellhead platform (WHP) and installation of a new 6.3-kilometre pipeline linking the field to the existing…
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Petrofac considers offshore oil asset sale in Malaysia
Petrofac considers offshore oil asset sale in Malaysia
I suggest that these assets are run by Local Community Companies (LCC) as practiced by Oman.
Dateline 2019-06-12, World Oil:
Petrofac is weighing a sale of its Malaysian assets for about $300 million, according to people with knowledge of the matter.
The company has started gauging interest from potential investors on the planned divestment, said the people, asking not to be named as the…
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