Petronas advances first gas offshore Sarawak, Malaysia

January 13, 2023

Dateline 2022-10-13, Upstream:

Malaysia’s national upstream company Petronas Carigali is edging nearer to production start-up at the next phase of its Bayan redevelopment project offshore Sarawak.

The project’s mobile offshore production unit (MOPU) is scheduled to start its tow this week from Labuan Shipyard & Engineering for installation on Bayan field sub-block 4Q-21.

The tow and installation, which is expected to take around 12 days to complete, is being supported by four vessels — the Malaysia-flagged Executive Pride and Bridgewater 132 plus the Singapore-flagged Bridgewater 130 and the MP Prowess.

Halliburton Can Profit From Malaysia’s Mature Fields

December 7, 2012

Dateline 2012-11-20:

Oil field service major Halliburton (NYSE:HAL) is making progress into Malaysia’s oil and gas industry. Earlier this month, the firm’s subsidiary Halliburton Bayan Petroleum (HBP) signed a deal with Petronas Carigali Sdn Bhd, the exploration and production arm of state-controlled oil giant Petronas, to provide services to boost production from mature wells in the Bayan Field off the coast of Malaysia. The deal is estimated to be worth $1.2 billion and will span over 24 years. Dialog, a Malaysian oil and gas engineering services firm, has picked up 50% equity stake in HBP and will partner with Halliburton to provide services in these fields.