Petronas grants Limbayong Deepwater EPCIC Contract to TechnipFMC
The Oil Giant Petronas Carigali Sdn Bhd has granted its Deepwater EPCIC Contract to FMC Wellhead Equipment Sdn Bhd, a subsidiary of TechnipFMC.
The contract includes construction, Engineering, Procurement, Commissioning and Installation for subsea production system, Umbilical, Riser and Flowline (SURF) for its Limbayong Deepwater Development.
The signing was held virtually it was represented by Senior Vice President of Malaysia Petroleum Management Mohamed Firouz Asnan, Vice President of Group Procurement Freida Amat, Executive Vice President and Chief Executive Officer of Upstream Adif Zulkifli,Vice President of Malaysia Assets Bacho Pilong.
The Chief Executive Officer of Upstream Adif Zulkifli, said:
“The Limbayong project is aligned with PETRONAS’ three-pronged growth strategy to expand our resource base. We hope the project, which is PCSB’s first deepwater development undertaking in Malaysia, will give confidence and invite potential investors to collaborate further in maturing the country’s deepwater resources.
“Apart from monetisation, Limbayong will be a platform to enhance our internal capabilities in preparing for the next deepwater projects not only in Sabah but also in other regions.”
Limbayong is an elongated deepwater oilfield off the coast of Sabah. It was first discovered by shell in 2002.
About Petronas
Petroliam Nasional Berhad (National Petroleum Limited), is a Malaysian oil company owned by the government of Malaysia. The oil company deals with production of oil and gas, upstream exploration, marketing and distribution of petroleum products.
The company has its business in 35 countries and 103 owned subsidiaries, 19 partly owned outfits and 57 associated companies.