Muhibbah Says Malaysia's Ophir Field WHP EPCIC Deal is Worth $21.7M-$23.4M
Malaysia's Muhibbah Engineering (M) Bhd indicated Friday that the value of an engineering, procurement, construction, installation and commissioning (EPCIC) contract for a wellhead platform for the Ophir field development project in Block PM305 offshore Peninsular Malaysia was between $21.7 million (MYR 93 million) and $23.4 million (MYR 100 million), the firm said in a filing with local stock exchange Bursa Malaysia.
Ophir Production Sdn Bhd -- a joint venture company between Australia's Octanex Pte. Ltd. and Malaysian partners Scomi D&P Sdn. Bhd. and VESTIGO Petroleum Sdn. Bhd. -- awarded the contract to Muhibbah last week.
The Malaysian engineering company reported that the EPCIC contract will commence in November for a period of 14 months, when the final hook-up and commissioning offshore for the project is completed.
Malaysia's national oil company Petroliam Nasional Berhad (PETRONAS) awarded Ophir Production the Small Field Risk Service Contract (SFRSC) for the development and production of petroleum from the Ophir oilfield in 2014 and the joint venture received the approval for their revised field development plan in September.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- ExxonMobil Racks Up Discoveries in Guyana Block Eyed by Chevron
- Oil Market Sentiment Has Improved Significantly
- EU, US Eye Collaboration on Nuclear Materials
- USA Driving Activity to Increase to All-Time Highs
- TC Energy to Sell Prince Rupert Gas Pipeline Project to First Nation
- EU Electricity Export to Ukraine Up 94 Percent in Two Years
- China Coal Output Falls for First Time since Government Ordered More
- BP Pulse Buys One of Europe's Largest Truck Stops
- UK CCUS Plans Outdated: Think Tank
- North America Enters Rig Loss Streak
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- EIA Drops 2024 Henry Hub Gas Price Forecast
- EIA and Standard Chartered Offer Up Latest Oil Price Predictions
- Red Sea Region Sees Another Watershed Incident
- Chevron Oil Project in Kazakhstan to Cost $48.5B
- OPEC Voices Encouragement after IEA Affirms Support for Oil Security
- Biden Govt Bares Strategy for Freight Charging, Hydrogen Fueling Infra
- Rystad Looks at the Buzz Around White Hydrogen
- Ukraine Hits Third Russian Refinery In Escalating Drone Strikes
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Is Peak Oil Demand Close?
- Vessel Sinks in Red Sea After Missile Strike
- JP Morgan, Standard Chartered Reveal Latest Oil Price Forecasts
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Rystad Forecasts Net Production of Top Permian Producers in 2024
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension