Murphy, Petronas sanction Malaysia FLNG project, 2018 startup targeted

Dateline 2014-02-03, Platts:

A final investment decision for the floating LNG liquefaction project at the Rotan field in Malaysia has been reached, and it is on track to achieving first gas by 2018, US company Murphy Oil said Thursday during a presentation to discuss its 2013 financial results.

Murphy operates Block H offshore Sabah, where the gas will be sourced, while Malaysia’s state-owned Petronas will operate the 1.5 million mt/year FLNG facility.

On a call with analysts, Murphy CEO Roger Jenkins said the FLNG project “is now fully sanctioned by both parties and the oil-linked gas terms agreed. This is a major milestone for both companies.”

Petronas had said in June last year that it was aiming for FID by the end of 2013.

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