Petronas
Posted inNews, Upstream

Petronas awards EPCC contracts to JGC and Samsung Heavy Industries

by Staff Writer

Japan’s JGC and South Korea’s Samsung Heavy Industries will build Petronas’ third floating liquefied natural gas (FLNG) project after winning the engineering, procurement, construction and commissioning (EPCC) contract. Industry shipping publication TradeWinds reported the pair beat a rival consortium of Saipem and Wilson Offshore & Marine after a decision was made this week. There has […]

Posted inExploration & Production

Petronas makes ‘significant’ oil and gas discovery offshore Malaysia

by Staff Writer

Petronas’ wholly-owned subsidiary Petronas Carigali has announced an oil and gas discovery in Block SK306 offshore Malaysia, which is located in the shallow waters of the Balingian Province off the coast of Sarawak. Drilled to a total depth of 2,468m, the Nahara-1 well encountered hydrocarbons in the Late Oligocene to Middle Miocene aged sedimentary sequences. Petronas […]

Posted inExploration & Production

ADNOC, Petronas sign historic agreement for unconventional oil block

by Faiza Rizvi

ADNOC and Malaysian giant Petronas have signed a landmark agreement for Abu Dhabi’s first-ever onshore unconventional oil block covering a 2000-square kilometre concession area in the Al Dhafra region. “Petronas will hold 100% equity and operatorship to explore and appraise unconventional oil in the concession area for a period up to six years,” Petronas said […]