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  • Petronas: Cessation of Berantai Risk Service Contract
    édité le 11/07/2016 - Plus de news de "Petronas" - Voir la fiche entreprise de "Petronas"


Petronas: Cessation of Berantai Risk Service Contract
PETRONAS has reached a mutual agreement with Petrofac Energy Developments Sdn Bhd and partners Kencana Energy Sdn Bhd and Sapura Energy Ventures Sdn Bhd (the Contractors) for the cessation of the Berantai Risk Service Contract (RSC).

The RSC’s cessation will allow PETRONAS to minimise the project’s long-term value erosion and optimise the development and production activities in Malaysia, in line with its efforts to reduce costs and increase the efficiency of its operations.

With the cessation of the RSC, which will be effective on 30 September 2016, PETRONAS will reimburse the balance of outstanding capital and operational expenditures to the Contractors over the following 12 months.

As part of the arrangement, the ownership of Berantai FPSO will be transferred to PETRONAS.

The Berantai RSC was the first RSC awarded by PETRONAS to Petrofac Energy Developments Sdn Bhd and its two local partners on 31 January 2011.

About PETRONAS

PETRONAS was incorporated on 17 August 1974 as the national oil company of Malaysia, vested with the entire ownership and control of the petroleum resources in the country. It has since grown from merely being the manager and regulator of Malaysia’s upstream sector into a fully integrated oil and gas corporation, ranked among the FORTUNE Global 500® largest corporations in the world.

About Petrofac

Petrofac is an international service provider to the oil and gas production and processing industry, with a diverse customer portfolio including many of the world’s leading integrated, independent and national oil and gas companies. Petrofac designs, builds, operates and maintains oil and gas facilities, delivered through a range of innovative commercial models, enabling it to respond to the distinct needs of each client and helping them to transform the value of their assets across the oil and gas life cycle. Petrofac’s service offering is underpinned by its ability to develop resource holders’ local capability through the provision of skills training with competency development and assurance frameworks. Around 20,000 employees operate out of seven strategically located operational centres, in Sharjah, Aberdeen, Abu Dhabi, Woking, Chennai, Mumbai, and Kuala Lumpur and a further 24 offices worldwide. Petrofac is quoted on the London Stock Exchange (symbol: PFC).


Origine : Communiqué Petronas

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