Page 7 - AsianOil Week 12 2021
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In the years after this date, however, PSCs began operating for more than 40 years.
to include site abandonment and restoration Malaysia’s current decommissioning rules
obligations along with mechanisms that allowed require that all disused upstream installations
operators to recover these costs. be fully removed, except where non or partial
State-owned Petronas, for example, has pre- removal is more suitable. Petronas, for example,
viously pointed out that many of the country’s implemented a rig-to-reef approach at some of
more than 300 offshore platforms have been its offshore platforms in 2017.
Petronas delivers first cargo from PFLNG DUA
PROJECTS & MALAYSIA’S state-owned Petronas has deliv- and stranded gas fields in the future, providing
COMPANIES ered its first cargo of liquefied natural gas (LNG) Petronas with new and sustainable sources of
from the Petronas Floating LNG DUA (PFLNG LNG to meet the growing demand for cleaner
DUA) facility. energy.”
The company said on March 25 that the cargo This week’s shipment caps off a busy month
had been loaded onto the Seri Camar LNG Car- for Petronas, in which it has signed two major
rier, which is operated by MISC, on March 24 for partnership agreements with foreign players that
delivery to a buyer in Thailand. open new collaboration opportunities across the
While Petronas refrained from disclos- energy value chain.
ing further details, the state major has pre- Petronas has signed a broad agreement with
viously shipped LNG to both Thai national Abu Dhabi National Oil Co. (ADNOC) that will
oil company (NOC) PTT as well as state-run see the pair explore opportunities throughout
Electricity Generating Authority of Thai- the oil and gas value chain in their first deal.
land (EGAT). While the two the companies will jointly
The shipment from PFLNG DUA establishes explore opportunities for upstream, they will
Petronas as the first energy company to produce also “jointly assess strategic opportunities for
LNG from two operational FLNG facilities, after domestic and international collaboration across
the company brought the world’s first FLNG ves- the downstream sector”, focusing domestically
sel – PFLNG SATU – on line in 2016. on opportunities around fuel oil and LNG
PFLNG DUA can produce up to 1.5mn bunkering.
tonnes per year (tpy) of LNG and is located at Petronas also signed a memorandum of
140 km offshore Sabah on the Block H Rotan gas understanding (MoU) this month with China
field in around 1,300 metres of water. National Offshore Oil Corp. (CNOOC) under
Petronas president and CEO Tengku which the two sides agreed to intensify their col-
Muhammad Taufik said: “PFLNG DUA’s mobil- laboration in LNG, upstream projects, refining
ity will allow us to unlock even more marginal and oilfield services.
Week 12 25•March•2021 www. NEWSBASE .com P7
