Mubadala award brightens up M'sia O&G sector
Pegaga gas field's front-end engineering and design contract awarded to Aker Engineering Malaysia
Singapore
ABU Dhabi-based Mubadala Petroleum has progressed a key field development off Sarawak to front-end engineering and design (Feed) phase, a move regarded by many as extending the much-needed reprieve to Malay-sia's oilfield services sector, which has been starved by a drought in upstream contracting activity amid a protracted oil-and-gas (O&G) sector downturn.
Mubadala confirmed in an email to The Business Times on Wednesday the Feed for its Pegaga gas field development has been awarded to Aker Engineering Malaysia Sdn Bhd.
TRENDING NOW
LTA proposes combining car COE categories, adding rebate-surcharge system
StarHub to acquire MyRepublic’s mobile business amid ongoing telco consolidation
DBS, OCBC, UOB rout lops billions off STI as inflation, rate concerns spook investors
Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose