Petrobras is close to awarding MISC Bhd with its first floating-production storage and offloading (FPSO) job in Brazil for the Mero-3 but the execution risks are high.
PETALING JAYA: Petrobras is close to awarding MISC Bhd
with its first floating-production storage and offloading (FPSO) job in Brazil for the Mero-3 but the execution risks are high.
CGS-CIMB Research said MISC would celebrate its first major FPSO contract win after a long hiatus but it was cautious due to the high 40% local content requirement for the project.
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