M3nergy to Expand Facilities

Wednesday, October 31, 2007
Oil and gas field services provider M3nergy Bhd says it may expand its floating, production, storage and offloading (FPSO) facilities in the future when opportunities open up in its exploration and production division. The company currently owns and operates one FPSO facility. It also operates a floating, storage and offloading (FSO) facility for Carigali Hess Operating Co Sdn Bhd. M3nergy has a 30% interest in the consortium that was awarded the Cluster 7 service contract for a period of 13 years in March 2006. The FPSO facility reportedly would cost up to $150m and the company might look for partners to share in the acquisition cost. Owning three FPSO facilities would put M3nergy in the top 10 league of companies in the world that own such facilities. [Source: http://biz.thestar.com.my]
Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Lifting Specialists Modulift, IMES form Joint Venture

Lifting industry specialists Modulift and IMES have formed a joint venture to offer an integrated management service to clients internationally.   The two companies

Chinese PM Inks 2 Agreements During CMA CGM Visit

The CMA CGM Group hosted the Chinese Prime Minister, the French Foreign Affairs Minister and a ministerial delegation at its headquarters in Marseilles, July 1, the global shipping company announced.

Shell Green Lights GoM Field After Cost Cuts

Royal Dutch Shell has given the green light for the development of its largest platform in the Gulf of Mexico after making steep cost cuts which made the deep water

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1657 sec (6 req/sec)