THHE wins first FPSO contract in RM2.9bil deal

  • Business Premium
  • Friday, 16 May 2014

PETALING JAYA: TH Heavy Engineering Bhd (THHE) has finally secured a contract for its floating production, storage and offloading vessel (FPSO) with Japan’s JX Nippon Oil & Gas Exploration in a deal worth US$900mil (RM2.9bil), sources said.

The contract entails THHE providing its FPSO facility to JX Nippon Oil & Gas for the Layang oil and gas field, located off the coast of Sarawak.

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Business , TH Heavy. oiland gas , FPSO


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