After the announcement of new offshore oil and gas development by PETRONAS Carigali, the exploration and production arm of Malaysian group Petronas, the offshore development in Malaysia has seen a new height.
The programme is worth MR2.8bn ($773m) of contracts to local suppliers for several drilling and production platforms for development of fields off the northern coast of Borneo and east of Peninsula Malaysia increasing production levels and deliver more supplies to a liquefied natural gas plant early next decade. The expected construction will be at least three years and involve the transportation of several jackets and topside modules from yards to field locations. It will involve a host of offshore vessels as the platforms are deployed and pipelines installed.
Petronas is developing fields offshore Sarawak, Sabah and off the state of Terengganu with new platforms and pipelines which when completed twill boost Malaysia's gas production by 950m cu ft per day. The multi-billion contract will see major development and increase in human capital and infrastructure in the local area.
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