Barakah Offshore Files Petronas Carigali Claim

OE Staff
Friday, January 17, 2020

Malaysian offshore oilfield services company Barakah Offshore Petroleum has filed a claim against the compatriot oil company Petronas Carigali for unpaid work and has threatened to seek Petronas' winding up unless it gets paid what it is owed.

Barakah Offshore said Thursday it was seeking compensation for unpaid work conducted by its subsidiary PBJV which had in August 2016 signed a contract with Petronas Carigali for underwater services. 

PBJV issued a statutory notice on January 15, 2020, against Petronas Carigali to claim the amount of RM477,467.37

According to the notice, the amount of RM118,193.52 "has remained outstanding despite [Petronas Carigali] having issued the procedural confirmation and acknowledgment to pay the said sum."

The company has given Petronas Carigali 21 days to settle the said sum fully. If the amount is not settled, PBJV has said that Petronas Carigali "shall be deemed to be unable to pay the debt, and appropriate action will be taken to wind up [Petronas Carigali].

The notice follows an August 2019 claim PBJV filed against Petronas Carigali, seeking RM1.02 billion (around $250 million), after Petronas suspended the company from its license, freezing it out from its tenders for three years.

Petronas, according to Barakah, suspended PBJV's license citing "non-performance" concerning an underwater services contract.

PBJV then filed a claim seeking against Petronas seeking RM1.02 billion based on the loss of future profits, reputation, and market shares prices.

On September 25, 2019, Barakah and PBJV have jointly filed a Writ of Summons proceeding against Petronas and Petronas Carigali in the Kuala Lumpur High Court aiming to annul and invalidate the suspension, which they labeled "illegal, unjustified and unwarranted."


Categories: People & Company News Subsea Asia South-East Asia

Related Stories

Timor Gap Boosts Stake in Finder Energy’s Timor-Leste Oil Fields

Russia Targets 2028 for Sakhalin-3 Gas Project Start Up

MDL Secures Cable Laying Job in Asia Pacific

Brownfield Output Decline Accelerates, says IEA

Aquaterra Energy Nets Subsea Analysis Contracts with INPEX off Indonesia

Chinese Contractor Secures Offshore Oil and Gas ‘Mega Deal’ from QatarEnergy

PTTEP Hires McDermott for Deepwater Subsea Job off Malaysia

PTTEP Greenlights $320M Offshore CCS Project at Arthit Gas Field in Thailand

Technip Energies Gets FEED Job for Inpex’ Abadi LNG Project in Indonesia

Aker Solutions, PTAS JV Hooks Brownfield Services Extension off Brunei

Current News

MODEC Ramps Up Hammerhead FPSO Work After ExxonMobil's Go-Ahead

Aesen, DOC JV Targets Subsea Cable Logistics

Timor Gap Boosts Stake in Finder Energy’s Timor-Leste Oil Fields

SBM Offshore Starts Construction of FSO for Trion Oil Field off Mexico

Russia Targets 2028 for Sakhalin-3 Gas Project Start Up

Seatrium Secures ABS Backing for Deepwater FPSO Design

MDL Secures Cable Laying Job in Asia Pacific

Hibiscus Petroleum Starts Drilling at Teal West Field off UK

Yinson Production Nets DNV Approval for New FPSO Hull Design

Hanwha Ocean's Tidal Action Drillship Starts Maiden Job with Petrobras

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com