Malaysia's THHE Not Given More Time from JX Nippon to Complete Layang FPSO
TH Heavy Engineering Berhad, an offshore oil and gas facilities fabricator, clarified Tuesday that the firm is not aware of the one year extension given by Japan's JX Nippon Oil & Gas Exploration (Malaysia) Ltd. to complete the floating, production storage and offloading (FPSO) unit for the Layang field in Block SK10 offshore Sarawak, Malaysia as reported May 28 by a local media, it said in a filing on Bursa Malaysia.
"The Company, nevertheless, is committed to complete the FPSO Project for JX Nippon. We were not contacted by Focus Malaysia and we are not in a position to state where the newspaper got the information," TH Heavy Engineering said in the announcement.
The firm bagged the FPSO contract, worth $372 million (MYR 1.2 billion) for the primary period, from JX Nippon in May 2014, with the facility to be leased to the Japanese company until Nov. 17, 2023.
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.
- Japan's JX To Sell North Sea Oil Field Stake To Faroe Petroleum (Jul 28)
- Maersk Highlander Ready for Action (Aug 19)
- Quadrant Fails to Find Hydrocarbons at Driftwood-1 Well in Carnarvon Basin (Aug 16)
Company: TH Heavy Engineering Berhad more info
- TH Heavy Engineering, McDermott End Partnership in Malaysia (Sep 26)
- Malaysia's THHE Receives More Winding-Up Calls (Aug 01)
- Malaysia's THHE Not Given More Time from JX Nippon to Complete Layang FPSO (Jun 01)