Mubadala award brightens up M'sia O&G sector
Pegaga gas field's front-end engineering and design contract awarded to Aker Engineering Malaysia
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
