UOB Kay Hian Research analyst Kong Ho Meng said while there have not been any large tenders awarded by Petroliam Nasional Bhd (Petronas), it expected contracts to be rolled out from next year. In Malaysia, he said, about 11% or about 35 of the over 300 platforms have been operating for over 40 years, and more than 200 wells have already been identified to be plugged and abandoned.
KUALA LUMPUR: Malaysian state-owned oil firm Petronas said on Tuesday it has achieved its first liquefied natural gas (LNG) production at its floating LNG facility off the eastern state of Sabah.
Petronas, or Petroliam Nasional Bhd as it is formally known, said production was attained three days after the Petronas FLNG (PFLNG) Satu facility achieved first gas.
Petronas had earlier said in March it relocated the PFLNG Satu to the Kebabangan cluster field in Sabah, some 90 km northwest of the state's capital city of Kota Kinabalu.
The facility was previously moored in the Kumang cluster field off the coast of Bintulu in neighbouring Sarawak, where it began the world's first LNG production from a floating platform in 2017.
Petronas also said last month that it expects to have its second floating LNG facility in Malaysia ready by the first quarter of next year. - Reuters
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