LogIn LogOut

Petra Energy Continues Banang Offshore Field Ops for Petronas

January 3, 2023

©wanfahmy/AdobeStock
©wanfahmy/AdobeStock

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. 



Current News

Roc Oil Books Velesto Jack-up Rig

Roc Oil Books Velesto Jack-up Rig

All 47 Turbines Installed at Formosa 2 Offshore Wind Project

All 47 Turbines Installed at Formosa 2 Offshore Wind Project

Exxon Banks Record $56B Profit in '22

Exxon Banks Record $56B Profit in '22

Offshore Wind: Floating Wind is the Future

Offshore Wind: Floating Wind is the Future

U.S. Major ExxonMobil Faces $220M Tax Claim from Russia

U.S. Major ExxonMobil Faces $220M Tax Claim from Russia

Japan's Marubeni Starts Commercial Ops at Akita Offshore Wind Farm

Japan's Marubeni Starts Commercial Ops at Akita Offshore Wind Farm

Samsung Heavy Delivers LNG Pair for MISC

Samsung Heavy Delivers LNG Pair for MISC
photo

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