PETALING JAYA: Oil and gas service companies such as Petronas Gas Bhd, SapuraCrest Petroleum Bhd and Wah Seong Corp Bhd are set to benefit from Petroliam Nasional Bhd’s (Petronas) plan to embark on a Sabah oil and gas terminal project together with its production sharing contractor partners.
The project involves building a pipeline from offshore Sabah to an onshore oil and gas processing terminal in Kimanis, Sabah, which has storage capacity of 300,000 barrels per day, and an onshore gas terminal, Petronas said in a media release attached with its financial performance ended March 31.