DNeX signs MoU with Cerulean Winds for offshore wind turbine project

Left to right: Kwasi Kwarteng, Secretary of State for Business, Energy and Industrial Strategy, Government of UK; Zainal Abidin Jalil, Executive Director of DNeX and also Managing Director of Ping Petroleum Limited; Datuk Robert Fisher, Director of DNeX and also Chairman of Ping Petroleum Ltd; Tan Sri Syed Zainal Abidin Syed Mohamed Tahir, Group Managing Director of DNeX; and Dan Jackson, Founding Director of Cerulean Winds

KUALA LUMPUR: Dagang Nexchange Bhd's subsidiary Ping Petroleum UK PLC has entered into a memorandum of understanding (MoU) with Cerulean Winds Ltd to explore a collaboration in delivering a dedicated offshore floating wind turbine for the Avalon Development in the Central North Sea, UK.

In a statement, DNeX said the parties plan to establish a joint venture company to deploy and operate the floating wind turbine, which will power the Sevan Hummingbird Floating Production Storage and Offloading (FPSO) vessel acquired by Ping in early July this year.