KUALA LUMPUR, Nov 13 — AmInvestment Bank Bhd said the development in floating production, storage and offloading activities has reaffirmed its view that the sector is one of the brighter spots in the oil and gas industry.
“Brazil’s Petrobras is currently looking at up to 14 FPSO projects, while there are five in the North Sea, four in Australia, three in Guyana and three in West Africa. It said that there are fresh FPSO prospects in Malaysia with the rebidding exercise for the Limbayong FPSO charter to be deployed off Sabah.
“At least four leading international contractors or consortia have shown interest in the deepwater-capable FPSO, which could cost up to US$700 million . This includes domestic players such as MISC, Yinson, Sabah International Petroleum and Bumi Armada.