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New Straits Times
17-06-2025
- Business
- New Straits Times
Petronas awards Temaris gas contract to support energy goals
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has awarded the Temaris Cluster small field asset production sharing contract (PSC) to Seascape Energy Asia (One) Sdn Bhd, a wholly owned unit of Seascape Energy Asia plc. The contract was awarded via Malaysia Petroleum Management (MPM), Petronas' upstream resource management arm. The Temaris Cluster, located in the Malay Basin offshore Peninsular Malaysia, comprises the Tembakau and Mengkuang gas fields. In a statement today, Petronas said this is the second PSC awarded under the three discovered resource opportunities clusters offered in the Malaysia Bid Round 2025. It said the cluster is located near existing production infrastructure, enabling cost efficiencies and faster development. MPM senior vice-president Datuk Ir Bacho Pilong said the Temaris project is expected to produce about 100 million standard cubic feet of gas per day, with first production targeted in 2029. "This marks another step in supporting national energy security while enabling growth in the upstream sector," he said. Seascape will be the sole contractor under the PSC, making its operational debut in Malaysia. Separately, Petronas has signed technical evaluation agreements with AFED TEXCAL Energy Ventures for the Langkasuka Basin in the Straits of Malacca, and with POSCO International for the Layang-Layang Basin off Sabah. These efforts are part of its broader push to explore frontier basins. Petronas, through MPM, manages Malaysia's petroleum resources and oversees upstream exploration and production activities.
New Straits Times
23-04-2025
- Business
- New Straits Times
Petronas inks 11 MOUs to strengthen OGSE sector
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas), through Malaysia Petroleum Management (MPM), has signed 11 memoranda of understanding (MoUs) aimed at strengthening Malaysia's oil and gas services and equipment (OGSE) sector. The MoUs support two key initiatives, namely yard transformation and productivity enhancement, and skilled trade champion. The agreements harness industry collaboration to modernise fabrication yards and develop a highly skilled local workforce, positioning Malaysia to meet the evolving demands of the energy sector, the company said in a statement on Tuesday. As part of the yard transformation and productivity enhancement initiative, Petronas signed five MoUs with leading local fabrication yard contractors: Brooke Holding Sdn Bhd, Ocean Might Sdn Bhd, Muhibbah Engineering (M) Bhd, Malaysia Marine and Heavy Engineering Holdings Bhd, and Sapura Fabrication Sdn Bhd. Under the skilled trade champion initiative, six MoUs were inked with key industry players, including Pan-Malaysia maintenance, construction and modification (MCM) contractors, Hook-up and Commissioning contractors, and the Malaysia Offshore Support Vessel Owners' Association. Petronas MPM senior vice president Datuk Ir Bacho Pilong said the MoUs reflect the company's continued commitment to building a robust and sustainable oil and gas sector in Malaysia. "The structured implementation, undertaken in close collaboration with homegrown OGSE players, will focus on measurable outcomes to create a conducive environment for investment and accelerated growth, in line with national aspirations," he said. -- BERNAMA
