Tanjung Offshore’s scope of work under the new deal entails the provision of maintenance, construction, and modification (MCM) services. Starting on January 15, 2025, the duration of the contract is three years, with a two-year extension option.
Carigali Hess operates the joint development area (JDA) administered by the Malaysian-Thailand Joint Authority (MTJA) on Block A-18 in the Gulf of Thailand, where first production was achieved in 2005. The block is located approximately 150 kilometers northeast of Malaysia’s Kota Bharu in a water depth of approximately 60 meters.
Malaysia has been bustling with offshore activity lately. In December, EnQuest and its partners in the PM8E production sharing contract (PSC) – Petronas Carigali (PCSB) and E&P Malaysia Venture (EPMV) – received authorization to annex the non-associated gas and condensate at Seligi field into the PM8E PSC, which comprises the Seligi and PM8 fields.
That same month, TotalEnergies added more assets offshore Malaysia to its gas portfolio by wrapping up the acquisition of stakes OMV and Sapura Upstream held in SapuraOMV Upstream Assets.
Additionally, Petronas signed PSCs with multiple partners – including ConocoPhillips and Shell – for three discovered resource opportunities (DRO) clusters and one exploration block as part of the Malaysia Bid Round (MBR) 2024.
Meanwhile, T7 Global is believed to be behind the sale of Shelf Drilling’s Baltic jack-up rig to an unnamed buyer announced in September 2024. The 1983-built jack-up is expected to go on a multi-year, plug and abandonment (P&A) program in Malaysia with its new owner.
