by TMR / pic source: Petronas
PETRONAS Carigali Sdn Bhd (PCSB) has awarded the engineering, procurement, construction, installation and commissioning (EPCIC) contract for subsea production system, umbilical, riser and flowline (SURF) for its Limbayong Deepwater Development Project to FMC Wellhead Equipment Sdn Bhd, a subsidiary of TechnipFMC plc.
In a statement yesterday, the company said the Limbayong project is aligned with Petroliam Nasional Bhd’s (Petronas) three-pronged growth strategy to expand its resource base.
“We hope the project, which is PCSB’s first deepwater development undertaking in Malaysia, will give confidence and invite potential investors to collaborate further in maturing the country’s deepwater resources.
“Apart from monetisation, Limbayong will be a platform to enhance our internal capabilities in preparing for the next deepwater projects, not only in Sabah, but also in other regions,” said executive VP and CEO of upstream Adif Zulkifli.
He added that Limbayong is an oil and non-associated gas field located 120km offshore Sabah in water depths of between 900m and 1,200m.
The field consists of 10 deepwater wells which tie back to the project’s floating production storage and offloading unit, while the subsea system is made up of SURF.
The project will pave the way for the development of the surrounding prospects within 18km to 30km of its vicinity. This will subsequently translate into more opportunities and economic spin-offs for the local support industry.