Malaysia’s Marine & General has been awarded a contract by Hess Exploration and Production Malaysia for the provision of one anchor handling tug supply vessel to support the oil company’s Malaysian drilling operations.
The contract was awarded to Marine & General’s subsidiary, Jasa Merin, the company said in a Bursa Malaysia filing on Friday.
The contract, which started on July 11, 2019, is for a primary duration of twelve months, with an option for Hess to extend for an additional six months.
The contract and option are estimated to have a value of approximately RM 12.9 million ($3.1M) for the primary term and an additional RM 6.5 million ($1.5M) for the optional extended term.
In Malaysia, Hess is the operator of the North Malay Basin Block PM302 with a 50% interest and Petronas is its partner with the other 50% interest,
It is located approximately 186 miles (300 km) offshore the Trengganu Gas Terminal in the Gulf of Thailand, with a water depth of approximately 180 feet (55 m) and multiple gas bearing zones located at depths of 3,500 – 10,000 feet (1,000 – 3,000 m).
Offshore Energy Today Staff
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