PTTEP Awards Long-term Charter Extension for FPSO Kikeh

OEDigital
Wednesday, January 26, 2022
Credit: MISC

PTTEP Sabah Oil Limited, a Malaysian subsidiary of the Thai oil company PTTEP, has awarded a six-year contract extension for the FPSO Kikeh, operating in deep waters offshore Sabah, Malaysia.

The charter extension news was shared this week by Malaysia's MISC, which is a partner in the vessel owner Malaysian Deepwater Floating Terminal (Kikeh) Limited, together with SBM Holdings Inc. S.A. (SBM). MISC and SBM own 51% and 49% of the equity in MDFT, respectively.

The charter extension starts in January 2022 and ends in January 2028. The FPSO Kikeh is located in Block K, offshore Sabah, Malaysia. PTTEP acquired the asset from Murphy Oil in 2019.

Built in 2007, FPSO Kikeh is the first and largest deepwater FPSO in Malaysia and Asia as well, MISC said.

The FPSO can produce 120,000 barrels of oil per day and has a storage capacity of two million oil barrels.


Categories: Energy Industry News Activity Asia Floating Production

Related Stories

Hai Long Offshore Wind Project in Taiwan Produces First Power

Hai Long Offshore Wind Project in Taiwan Produces First Power

UK Firm Secures Exploration Extension for Two Blocks off Vietnam

UK Firm Secures Exploration Extension for Two Blocks off Vietnam

MacGregor to Supply Winch Package for SPEC’s AHTS Newbuilds

MacGregor to Supply Winch Package for SPEC’s AHTS Newbuilds

Current News

TotalEnergies and Partners Sign PSC Extension for Deepwater Block off Angola

Reach Subsea’s New 24-Meter USV Ready for Commercial Deployment

DNO Quadruples North Sea Production with Sval Energi Acquisition

FourPhase Nets Shell Contract for its Caribbean Oil and Gas Platforms

Subscribe for OE Digital E‑News

Offshore Engineer Magazine