Report: Petronas invites bids for Besar gas field


Dateline 2014-01-20, The Edge:

 

Petronas Carigali Sdn Bhd has invited bids for its Besar gas field (for two wellhead platforms), according to international oil & gas news portal Upstream Online.

Besar gas field is located offshore Peninsular Malaysia.

This piece of news was reported on the official website of Upstream Online. Alliance Research, quoting Upstream Online in its research note today, reported the bids are due at the end of February.

It said the initial contract award is slated for the end of this year, with a separate tender for installation to emerge later on.

“The contract value will be RM100 million to RM150 million for both wellhead platforms. Malaysian players might have advantage for the Besar project,” said Alliance research analyst Arhnue Tan.

She continues to rank the oil & gas (O&G) sector as ‘overweight’ as robust contract flow is expected to come from marginal fields, enhanced oil recovery projects and new gas developments.

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This entry was posted on Sunday, March 2nd, 2014 at 6:00 am and is filed under engineering, oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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