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.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
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.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Lukoil Finds Oil at Iraq Well (Feb 22)
 -  Gazpromneft-Sakhalin: Ayashsky License... (Feb 22)
 -  PSA Grants Aker BP Consent to Connect ... (Feb 22)
 -  CGG Wins DPC Contract in Brunei (Feb 21)
 -  NPD: Total Proven, Unproven Resources ... (Feb 21)


Most Popular Articles

From the Career Center
Jobs that may interest you
Sr Reservoir Engineer - Subsurface and Technology
Expertise: Reservoir Engineering
Location: Midland, TX
 
Drilling Engineer
Expertise: Drilling Engineering|Petroleum Engineering|Workover or Completion
Location: Midland, TX
 
Midstream Mechanic
Expertise: Maintenance Technician|Mechanic|Mechanical Technician
Location: Garden City, TX
 
search for more jobs

Brent Crude Oil : $56.58/BBL 1.32%
Light Crude Oil : $54.45/BBL 1.60%
Natural Gas : $2.62/MMBtu 1.15%
Updated in last 24 hours