Enquest : PETRONAS AWARDS SMALL FIELD RSC TO EQ PETROLEUM AND UZMA ENERGY VENTURE
4-Traders: 08 April 2014
ENP Newswire - 08 April 2014
Release date- 04042014 - PETRONAS has awarded a Small Field Risk Service Contract to EQ Petroleum Developments Malaysia Sdn Bhd and Uzma Energy Venture Sdn Bhd for the development and production of the Tanjong Baram field, located about 6 km offshore Sarawak.
The SFRSC was signed on 27 March in Kuala Lumpur, where PETRONAS was represented by its Vice President of Petroleum Management Encik Adif Zulkifli, EnQuest by its Head of International Mr Faysal Hamza and Uzma by its Chief Executive Officer Dato' Kamarul Redzuan Mohamed.
Under the terms of the contract, PETRONAS is the project owner while EnQuest and Uzma are the contractors for this petroleum arrangement.
'This SFRSC will see EnQuest and Uzma conduct development and production works at the Tanjong Baram field. The first hydrocarbon from the Tanjong Baram field is expected to be within 11 months from now,' said Adif Zulkifli.
PETRONAS has awarded four RSCs to date; the Berantai field to Petrofac and Sapura Kencana Petroleum Bhd in January 2011, the Balai-Bentara cluster off Sarawak to a consortium comprising Roc Oil, Dialog Group Bhd and PETRONAS Carigali Sdn Bhd in August 2011, the Kapal, Banang and Meranti cluster to Coastal Energy KBM Sdn Bhd in June 2012 and the Tembikai-Chenang cluster to VESTIGO Petroleum Sdn Bhd in October 2013.
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