Petronas extends Indonesian FPSO charter to 2036

Malaysian oil company Petronas Carigali has negotiated an extension for the Ratu Nusantara FPSO, operating on its Bukit Tua oilfield offshore Indonesia, for another decade. The floating production vessel, which will stay off Indonesia until 2036, will generate long-term revenue for Indonesia’s state of Sabah through Sabah International Petroleum (SIP) and its subsidiary, PT M3 … Read full article →