MISC’s PCBL contract win commercially viable


Kenanga Research said the Kelindang Cluster project win is a positive.

PETALING JAYA: Analysts deem MISC Bhd’s recent charter contract win from PETRONAS Carigali Brunei Ltd (PCBL) for the Kelidang Cluster floating production, storage and offloading (FPSO) vessel in Brunei as commercially viable.

The contract structure comprises a 12-year firm charter period plus three optional extensions of one year each, effective upon formal acceptance of the floating production unit (FPU) by PCBL.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Indonesia completes stock market reforms requested by index providers, official says
Global Electronics Association, MIMOS ink MoU to boost Malaysia’s semiconductor ecosystem
Oil jumps nearly 7% after Trump says US to keep up attacks on Iran
Proton reaffirms commitment to strengthen Malaysia’s automotive ecosystem
Light at last for Hong Kong's Central office market after 7-year slump
Oil firms shore up energy security
Gold prices retreat as Trump threatens further attacks on Iran
Bursa Malaysia falls sharply as Trump's address sparks global sell-off
IJM Corp poised for more hyperscale data centre wins
MAG secures fuel supply, optimises hedging strategy amid global volatility

Others Also Read