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. 



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
 -  MEO Australia Seeks Shareholder Approv... (Sep 28)
 -  Karoon Buys PEPC's 35% Stake in 4 Sant... (Sep 28)
 -  China's Wison Completes Test of World'... (Sep 28)
 -  No Survivors Following Helicopter Cras... (Sep 28)
 -  Farstad Shipping Sells AHTS Lady Sandr... (Sep 27)


Most Popular Articles

From the Career Center
Jobs that may interest you
Engineer II, Production
Expertise: Production Engineering
Location: Pittsburgh, PA
 
United States Zanesville: Principal Drilling Fluids Engineer
Expertise: Drilling Engineering
Location: Zanesville, OH
 
Senior Reservoir Engineer Job
Expertise: Reservoir Engineering
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $45.97/BBL 2.91%
Light Crude Oil : $44.67/BBL 2.74%
Natural Gas : $3/MMBtu 0.33%
Updated in last 24 hours