Malaysia's Perisai Gets 6 Months Charter Extension for FPSO Perisai Kamelia

Perisai Petroleum Teknologi Bhd reported Friday that Hess Exploration and Production Malaysia B.V. and Larizz Petroleum Services Sdn Bhd agreed to extend the charter for a floating production, storage and offloading (FPSO) facility now operating in the North Malaysia Basin, offshore Peninsular Malaysia for six months.

Under the extension, FPSO Perisai Kamelia will continue working at the field till May 31, 2017, when Hess may exercise its option to further extend the charter on a monthly basis for up to a total of 12 months to May 31, 2018.

Perisai revealed that the charter value is between $31.95 million $45 million, depending on the daily average Brent crude oil price.

Separately, another Malaysian company Daya Material Berhad (DMB) disclosed Friday that its subsidiary DOCSB had signed a memorandum of understanding with Petro Pride Subsea Ltd. (PPSL) to tap on each other’s expertise, know-how, industry connections and resource in their collaboration to provide services in fabricating and installing pipeline project.



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
 -  Baron Oil, SundaGas Form JV to Explore... (Sep 26)
 -  Aminex Secures Rig to Drill Ntorya-2 W... (Sep 26)
 -  Aker Solutions Lets Employees Buy Comp... (Sep 26)
 -  Lamprell Secures Services Contract wit... (Sep 26)
 -  Swire Oilfield Services Appoints New C... (Sep 26)


Most Popular Articles

From the Career Center
Jobs that may interest you
Electrical Design Engineer Job
Expertise: Design Engineer|Electrical Engineering|Electrical Technician
Location: Township of Monticello, MN
 
Mechanical Maintenance Engineer
Expertise: Maintenance Engineer
Location: San Rafael, CA
 
Senior Quality Engineer
Expertise: Manufacturing Engineering|QA / QC / Inspection
Location: Clear Lake City, TX
 
search for more jobs

Brent Crude Oil : $45.89/BBL 3.69%
Light Crude Oil : $44.48/BBL 3.97%
Natural Gas : $2.96/MMBtu 1.00%
Updated in last 24 hours