Petronas firms up contract award for mobile offshore production unit

Malaysian oilfield services provider Tanjung Offshore Services has won a contract from Petronas Carigali for the Bayan Redevelopment Project Gas Phase 2 in Sarawak, Malaysia.

T7 Global Berhad’s wholly-owned subsidiary, Tanjung Offshore Services, had on 25 November 2020 entered into a contract with Petronas Carigali in relation to the provision of leasing, operation and maintenance of mobile offshore production unit for the Bayan Redevelopment Project Gas Phase 2 (Bayan MOPU Project).

The phase two of the Bayan gas redevelopment in the Balingian PSC offshore Sarawak will entail drilling of four wells at the existing BYDP-C drilling platform.

The contract award follows the letter of award announced back in February 2020.

The effective date of the contract is 1 February 2020 for a time charter period of 10 years.

T7 Global Chairman YBhg. Datuk Seri Dr. Nik Norzrul Thani Bin N. Hassan Thani, said: “The Bayan MOPU Project from Petronas Carigali serves as a testament of T7 Global’s capabilities in the oil & gas industry. This project marks a major milestone for the Group in expanding its portfolio as an energy solutions provider. We are excited to continue working on this project despite the current challenging outlook for the oil & gas industry”.