PETRONAS Appoints Vestigo Operator of Malaysia’s Berantai RSC


Again, this is old news for those who are in the business. I didn’t even know there was a bidding exercise, if not I would have put in a bid.

Dateline 2016-07-21, Rigzone:

Malaysia’s national oil company Petroliam Nasional Berhad (PETRONAS) appointed Wednesday its wholly-owned subsidiary Vestigo Petroleum Sdn Bhd as operator of the Berantai field in Block PM 309, located about 93 miles (150 kilometers) offshore Terangganu, Malaysia, following the cessation of the Berantai Risk Service Contract (RSC) with the previous contractors announced July 11.

“The appointment of Vestigo is in line with PETRONAS’ effort to extend the economic life of the field and maximize the long term value of the asset,” the company said in a press release.

Vestigo specializes in the development and production of small and marginal fields and currently operates the Tembikai field under the Tembikai-Chenang Cluster Small Field RSC since June 2015.

The Bertantai field comprises a wellhead platform connected to a floating production storage and offloading (FPSO) vessel, which processes and exports gas to the neighboring Angsi field via a 18.6 mile (30 kilometer) subsea pipeline before being exported onshore. First gas from Berantai commenced in October 2012.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: