KUALA LUMPUR: Scomi Energy Services Bhd, via its 30 per cent-owned joint venture Ophir Production Sdn Bhd, has signed a seven-year Small Field Risk Service Contract with Petroliam Nasional Bhd . Ophir will implement the approved Field Development Plan with development activities, which include the drilling of wells, the installation of a production platform and export and storage of oil via a floating storage facility. In a filing to Bursa Malaysia, the company said the development phase is estimated to cost US$135 million (RM432 million) and the first oil is expected to be produced in 18 months.
Monday, 8 July 2024, 5:55 AM
