Petronas is preparing to launch another attempt to secure a sizeable floating production, storage and offloading vessel required for its Limbayong deep-water oilfield development offshore Sabah, East Malaysia.
The state giant recently floated market enquiries for the FPSO, kicking off its fourth effort to secure the vessel for the deep-water development project, at least two people familiar with the process told Upstream.
“Market enquiries have been issued ahead of launching a firm tender process later this year,” one person noted. A second confirmed the latest step and said that responses to fresh enquiries are due within days.
In August, the Malaysian national energy company confirmed it had aborted its third attempt at securing a leased FPSO vessel for the Limbayong development.
Industry sources said that despite having carried out three previous tenders for Limbayong, Petronas is keen to develop the offshore asset through project optimisation and by including new fields like the Bestari satellite discovery.
“We believe Bestari will be tapped along with [Limbayong], which could turn the project commercially viable this time around,” the person noted.
Other producing fields in the deep-water Sabah play could also potentially become an alternative host facility for Limbayong via subsea tie-backs, according to informed sources, Upstream previously reported.
These fields might include Shell’s Gumusut-Kakap, which is a mere 20 kilometres from Limbayong, and the Kikeh field operated by Thailand’s PTTEP, which lies within 25 kilometres.
https://www.upstreamonline.com/exclusive/ba...pso/2-1-1407108