Project Profile
Value: US$800 million
Start-up Year: 2012
Location: Block PM309, offshore Malay Basin
The project will see a fast track development, which will include a wellhead platform that will be installed to support the drilling of eighteen wells, with a second wellhead platform expected to be installed in a subsequent phase. Both platforms will be connected to a Floating Production Storage and Offloading (FPSO) vessel which will be jointly owned by the Berantai partners. The FPSO will undergo modification to ensure suitability for the Berantai development. Produced gas will be exported by subsea pipeline via the Angsi Field, while oil will be offloaded via shuttle tanker.
SapuraKencana Petroleum and Petrofac Energy Developments have reached a mutual agreement with Petronas for the cessation of the Berantai Risk Service Contract (RSC), which will be effective on September 30, 2016. Petronas will reimburse all outstanding capital and operational expenditures to the contractors by June 2017. (July, 2016)
Operators:
Vestigo Petroleum (Petronas\' wholly-owned subsidiary): Operator
Contractors:
Petrofac: 50% interest in Risk Service Contract (RSC) (RSC cessation, effective 30/09/2016)
SapuraKencana: 50% interest in Risk Service Contract (RSC) (RSC cessation, effective 30/09/2016)
MMC Corporation Berhad: FEED - Wellhead platform and associated structures
Keppel FELS Ltd.: EPC - FPSO conversion East Fortune
UMW Standard Drilling: Drilling contractor