MISC Berhad Secures Long-Term FSO Contract in Papua New Guinea

Business & Finance News

MISC Berhad Secures Long-Term FSO Contract in Papua New Guinea
MISC BerhadFSOPapua New Guinea

MISC Berhad has secured a long-term bareboat charter contract and operations & maintenance contract for its first floating storage and offloading (FSO) unit in Papua New Guinea from ExxonMobil PNG Ltd. The 15-year fixed contract, with an option to extend for another 15 years, marks MISC's entry into the PNG market. The FSO will be located at the Kumul Marine Terminal, part of the Kutubu Pipeline System, storing and transferring liquid hydrocarbons. The unit, with a 30-year operational lifespan and a minimum storage capacity of 800,000 barrels, is slated for deployment in the first half of 2028.

PETALING JAYA: MISC Berhad telah memperoleh kontrak pajakan kontrak sewaan kapal tanpa kru jangka panjang serta kontrak operasi dan penyelenggaraan bagi unit penyimpanan dan pemindahan terapung pertama di Papua New Guinea .

MISC berkata, kontrak tersebut diterima daripada ExxonMobil PNG Ltd, anak syarikat kepada Exxon Mobil Corporation yang merupakan pengendali projek PNG LNG . “Kontrak berkenaan merangkumi pajakan tetap selama 15 tahun dengan opsyen lanjutan sehingga tambahan 15 tahun lagi. “Kumpulan itu menyatakan bahawa penganugerahan ini menandakan kemasukan sulungnya ke pasaran Papua New Guinea. Nilai cadangan kontrak tersebut tidak didedahkan,” katanya dalam kenyataan. Presiden dan Ketua Pegawai Eksekutif Kumpulan MISC, Zahid Osman berkata, susulan kemasukan strategik kumpulan ke Brunei menerusi projek unit pengeluaran terapung Kelidang, usaha ini meneruskan momentum kumpulan dalam meneroka sempadan baharu dan memasuki pasaran baharu. “FSO itu akan ditempatkan di Kumul Marine Terminal sebagai sebahagian daripada Sistem Saluran Paip Kutubu dan akan berfungsi sebagai kemudahan terapung luar pesisir bagi penyimpanan dan pemindahan hidrokarbon cecair, termasuk minyak mentah dan kondensat yang dihasilkan dari pelbagai medan,” katanya. Gas berkaitan akan disalurkan ke projek PNG LNG yang mempunyai kapasiti pengeluaran melebihi 8.3 juta tan setahun. ExxonMobil PNG Ltd memegang 33.2 peratus kepentingan penyertaan dalam projek itu, bersama Santos Ltd , ENEOS Xplora Inc , Kumul Petroleum Holdings Ltd dan Mineral Resources Development Company Ltd . FSO tersebut akan mempunyai jangka hayat operasi selama 30 tahun dengan kapasiti simpanan minimum 800,000 tong. Ia dijadualkan untuk ditempatkan pada separuh pertama 2028 dan berkeupayaan mengendalikan kondensat bagi projek-projek berpotensi pada masa hadapan. Projek ini akan dilaksanakan menggunakan keupayaan bersepadu kumpulan, termasuk kepakaran kejuruteraan dan pembinaan oleh Malaysia Marine and Heavy Engineering Holdings Bhd, cabang kejuruteraan marin dan beratnya. – UTUSAN

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

UMonline /  🏆 27. in MY

MISC Berhad FSO Papua New Guinea Exxonmobil LNG

 

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

AI promised to save time. Researchers find it’s doing the oppositeAI promised to save time. Researchers find it’s doing the oppositeKUALA LUMPUR: Police are tracking down four men believed to be involved in the theft of cables belonging to Tenaga Nasional Berhad (TNB) near the D'Kayangan Setia Ecohill Apartment in Semenyih.
Read more »

A therapeutic sound bath may just be what you need to healA therapeutic sound bath may just be what you need to healKUALA LUMPUR: Police are tracking down four men believed to be involved in the theft of cables belonging to Tenaga Nasional Berhad (TNB) near the D'Kayangan Setia Ecohill Apartment in Semenyih.
Read more »

California builds AI oversight unit and presses on xAI investigationCalifornia builds AI oversight unit and presses on xAI investigationKUALA LUMPUR: Police are tracking down four men believed to be involved in the theft of cables belonging to Tenaga Nasional Berhad (TNB) near the D'Kayangan Setia Ecohill Apartment in Semenyih.
Read more »

Cambodian PM says Thailand is occupying territory after Trump-brokered ceasefireCambodian PM says Thailand is occupying territory after Trump-brokered ceasefireKUALA LUMPUR: Police are tracking down four men believed to be involved in the theft of cables belonging to Tenaga Nasional Berhad (TNB) near the D'Kayangan Setia Ecohill Apartment in Semenyih.
Read more »

KTM Berhad Offers 30% Discount on ETS Tickets Across All RoutesKTM Berhad Offers 30% Discount on ETS Tickets Across All RoutesKTM Berhad is providing a 30% discount on all Electric Train Service (ETS) tickets for every route, starting today. Passengers can use promo codes NURRAMADAN or RAMADANTIBA for additional savings and purchase tickets through the KITS Style app, KTMB's website, or any KTMB ticketing channel. The promotion is valid while tickets last.
Read more »

Trading ideas: MISC, Duopharma, Seal, Hextar Capital, HeiTech Padu, IGB, Johan, FarmieraTrading ideas: MISC, Duopharma, Seal, Hextar Capital, HeiTech Padu, IGB, Johan, FarmieraFeb 18 (Reuters) - EBay ⁠Inc forecast first-quarter revenue above ⁠Wall Street estimates on Wednesday and ‌announced the acquisition of fashion marketplace Depop from Etsy for nearly $1.2 billion, sending its shares up ​7% in extended trading.
Read more »



Render Time: 2026-04-13 08:06:05