KUALA LUMPUR: MISC Bhd
has secured a contract from PETRONAS Carigali Brunei Ltd (PCBL) to lease, operate and maintain a floating production unit (FPU) for a natural gas development project in Brunei.
PCBL is a wholly owned indirect subsidiary of Petroliam Nasional Bhd (PETRONAS).
In a filing with Bursa Malaysia, MISC said the award followed an international competitive bidding exercise.
The charter is for 12 years from PCBL’s acceptance of the FPU, with an option for three one-year extensions. The unit is slated to begin operations in the first half of 2029.
