Petra Energy Continues Banang Offshore Field Ops for Petronas

OE Staff
Tuesday, January 3, 2023

Petra Energy Berhad has secured a contract extension with Petronas for production, operation, and maintenance services at the Banang offshore oil field. The agreement runs until August 6, 2024. 

Its scope under the extension includes the provision of production, storage, and offloading facilities; well and reservoir surveillance; production planning and forecasting; routine operations and maintenance; logistics; and inventory and warehousing. Financial details were not disclosed.

When Petra got the first two-year contract for the Banang field operations in 2020, the contract was worth about $40 million.

Located offshore Terengganu, Peninsular Malaysia, the Banang oil field is a part of the Kapal, Banang, and Meranti (KBM) Cluster. It came on stream on July 15, 2014.

When the first oil was announced, Petronas said that the Banang field facilities consisted of one Mobile Offshore Production Unit (MOPU), one Storage Tanker with approximately 600,000 barrels storing capacity, one well bay module, and one flexible flow line. 

Petronas said at the time that the field would produce an average of 6,000 barrels per day. 


Categories: Energy Activity Production Asia Oilfield Services

Related Stories

Malaysia’s Petronas and Oman’s OQEP Strengthen Oil and Gas Ties

Pharos Energy Kicks Off Drilling Campaign Offshore Vietnam

US Pressure on India Could Propel Russia's Shadow Oil Exports

ABL Secures Rig Moving Assignment with India's ONGC

Pakistan, Türkiye Deepen Oil and Gas Ties with Offshore Indus-C Block Deal

Russia Targets 2028 for Sakhalin-3 Gas Project Start Up

MDL Secures Cable Laying Job in Asia Pacific

PV Drilling Takes Ownership of Noble Corporation’s Stacked Jack-Up Rig

CNOOC Brings Online Another Oil and Gas Project in South China Sea

China Starts Production at Major Oil Field in Bohai Sea

Current News

Malaysia’s Petronas and Oman’s OQEP Strengthen Oil and Gas Ties

Southeast Asia’s 2GW Cross-Border Offshore Wind Scheme Targets 2034 Buildout

Pharos Energy Kicks Off Drilling Campaign Offshore Vietnam

Viridien to Shed More Light on Malaysia’s Offshore Oil and Gas Potential

US Pressure on India Could Propel Russia's Shadow Oil Exports

Energy Drilling’s EDrill-2 Rig Starts Ops for PTTEP in Gulf of Thailand

RINA Wins FEED Contract for Petronas’ Flagship CCS Project in Malaysia

ABL Secures Rig Moving Assignment with India's ONGC

Pakistan, Türkiye Deepen Oil and Gas Ties with Offshore Indus-C Block Deal

Eni-Petronas Gas Joint Venture Up for Launch in 2026

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