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MISC Berhad (MISC) has received a Letter of Award for the Provision of Lease, Operate and Maintain (O&M) of Floating Production Unit (FPU) for Natural Gas Development Project in Brunei from PETRONAS Carigali Brunei Ltd (PCBL). This landmark contract was secured through an international competitive bidding and marks MISC’s strategic entry into Brunei’s offshore oil and gas market. The charter is for a firm period of 12 years with PCBL holding the right to extend for up to three additional one-year periods.
The FPU will be deployed at offshore Brunei, where it is expected to contribute to the long-term supply of feedstock for Brunei’s LNG sector, supporting the country’s export commitments, national revenue and energy security.
Zahid Osman, President & Group CEO of MISC, said, “This project is a significant milestone for MISC as it marks our entry into Brunei’s offshore market. This project embodies the spirit of our Delivering Progress strategy, as we continue to strengthen our foundation with high-quality, sustainable assets that deliver reliable performance and long-term value to our stakeholders. We are honoured to partner with PCBL on this landmark project, which reflects our shared commitment to advancing safe, sustainable, and energy-efficient offshore operations.”
The FPU is designed with a production and processing capacity of 450 million standard cubic feet of gas per day (MMscfd) and 1,170 barrels of condensate per day with storage capacity of 300,000 barrels, ensuring operational flexibility. The FPU is engineered to deliver high operational efficiency and reliability throughout its deployment at the gas field, supporting sustained production and maximising value for stakeholders.
This strategic partnership with PCBL not only marks the expansion of MISC's portfolio in the offshore industry but also reinforces its commitment to supporting key energy developments in the region, guided by its Delivering Progress strategy. MISC is proud to leverage its expertise to ensure the successful deployment and operation of the FPU, strengthening its position as a leading provider of sustainable offshore energy solutions.
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About MISC Berhad
MISC Group is an international maritime conglomerate with more than 55 years of experience in the dynamic maritime industry. Our extensive global footprint allows us to deliver a wide range of solutions that cater to various areas within the maritime-related energy value chain.
At the heart of MISC Group's success is our modern and diversified fleet of vessels and floating assets, complemented by the expertise of our diverse global workforce at sea and shore. As a future-focused organisation, we are committed to leading from the front, propelling the maritime industry into the future, and achieving society’s aspiration for a just energy transition.
For more information, visit https://www.miscgroup.com
Issued on behalf of MISC Berhad by the Group Strategic Relations & Communications (GSRC) Division of MISC Berhad. For media inquiries, please contact:
Shanni Muthiah
Head, Group Strategic Relations & Communications
Group Strategic Relations & Communications
MISC Berhad
Tel : +603-2275 2224
Email : shanni.muthiah@miscbhd.com
Maisara Noor Ahmad
Head, External Communications
Group Strategic Relations & Communications
MISC Berhad
Tel : +603-2275 3496
Email : maisara.noorahmad@miscbhd.com
