Thursday, December 20, 2012

[Marine] Petronas plans offshore investment

Petronas plans offshore investment

Malaysia's state-owned Petronas is said to be planning huge investment in new offshore plant installation and demolition of old ones.

Sources said Petronas was considering to install around 80 offshore plant units, with about 50 units scheduled to be scrapped, over the next several years.

In particular, since Petronas is positive in investment in and cooperation with Korean companies, Korean shipbuilding and offshore industries are expected to gain benefits.

Daewoo Shipbuilding & Marine Engineering, in June, made up a consortium with Technip and booked an 120-mtpa LNG-FPSO from Petronas. Also, Samsung Heavy Industries and JGC is competing with MODEC-IHI-Toyo Engineering-CB&I to win FEED contract on its second 150-mtpa FLNG.

Also, executives from Petronas and large shipyards as well as marine and offshore equipment makers in Korea had a meeting and looked for cooperative measures. Petronas is said to be under investigation of building a global R&D center in Korea, which will promote cooperation in overall offshore-plant industries, ranging from plant design, installation engineering, fabrication, operation, maintenance and to demolition.

Published : December 18, 2012

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