[Malaysia] Limbayong

Post Reply
escveritas
Site Admin
Posts: 3181
Joined: Sat Aug 29, 2020 5:40 am
Location: Singapore
Contact:
Singapore

[Malaysia] Limbayong

Unread post by escveritas »

Petronas has allocated CAPEX for 1 FPSO (Aframax) which was deferred to 2022 from 2020 due to low oil price and 1 FSO (Panamax) projects which was to take place in 2023.

Details remain sketchy on which oil fields to be developed, but Petronas has said that both Floates will be deployed for new field developments
escveritas
Site Admin
Posts: 3181
Joined: Sat Aug 29, 2020 5:40 am
Location: Singapore
Contact:
Singapore

Re: [Malaysia] Petronas FPSO Aframax and FSO Panamax

Unread post by escveritas »

TechnipFMC’s subsidiary, FMC Wellhead Equipment Sdn. Bhd. Awarded a Contract by PETRONAS Carigali for Limbayong Deepwater Development Project in Offshore Malaysia

LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Feb. 22, 2021-- TechnipFMC (NYSE: FTI) (PARIS: FTI) (ISIN:GB00BDSFG982) is pleased to announce that its subsidiary, FMC Wellhead Equipment Sdn. Bhd. (TechnipFMC) has been awarded a substantial(1) contract by PETRONAS Carigali Sdn. Bhd. (PETRONAS Carigali), a subsidiary of PETRONAS for the provision of front-end engineering design, and integrated engineering, procurement, construction, installation and commissioning of subsea production system, umbilicals, risers and flowlines (iEPCI™) for the Limbayong Deepwater Development Project. PETRONAS is a global energy and solutions partner and ranked amongst the largest corporations in Fortune Global 500®.

This contract covers the development of 10 deepwater wells and their tieback to the Limbayong Floating Production Storage and Offloading (FPSO) unit in Malaysia. TechnipFMC will design, manufacture, deliver and install subsea equipment including subsea trees, manifolds, umbilicals, flexible risers, flowlines, jumpers and other associated subsea hardware for the project.

The project will be executed from TechnipFMC’s Kuala Lumpur office and will leverage its local manufacturing plants in Malaysia.

Jonathan Landes, President Subsea at TechnipFMC commented: “We are delighted and honored to have been selected by PETRONAS Carigali to develop this deepwater field. We are committed to PETRONAS Carigali and to the Malaysian oil and gas industry. This iEPCI™ contract combines our integrated subsea solution with our Subsea 2.0™ products, demonstrating the added value of our unique and complete integrated offering.”

(1) For TechnipFMC, a “substantial” contract ranges between $250 million and $500 million.

The FPSO is to be capable of producing 40,000 b/d oil, 90 mmcf/d gas and injecting 75,000 b/d water -- and have storage for 600,000 bbls. Local content requirements for FPSO fabrication favor local contractors. The lease will be for 12 yrs firm + 3 + 3 + 2 yr options.

The Limbayong project is estimated to cost about US$700mil in capital expenditure (capex),

"Bids were submitted on 2 Feb 2021. MISC, Yinson, Bumi Armada and SIP are among the bidders. Award of FPSO contract likely to be in late 2021," World Energy Reports database shows.

Petronas is the field operator and has 100% interest in Limbayong.
Post Reply

Return to “Field Development”

Who is online

Users browsing this forum: No registered users and 0 guests