Petronas Eyes 20 Greenfield, 30 Brownfield Projects By 2020

National oil company Petroliam Nasional Bhd (Petronas), has projected that there would be about 20 greenfield and 30 brownfield projects between 2018 to 2020 that has the potential for future oil projects.

Out of this, 30 per cent of the greenfield projects will have 100 per cent new facilities development while 75 per cent of the brownfield projects has about 10 per cent for new facilities development.

The oil company, in its Petronas Activity Outlook 2018-2020 report, said there are about 100 awarded contract areas operated by 26 petroleum arrangement contractors or PAC operators, with biggest PAC operator, Petronas Carigali Sdn Bhd, operating 60 per cent of total Malaysian assets.

Disclosing its activity outlook for the next three years in the report, Petronas will also continue to promote and enhance transparency within the oil and gas industry players, a move to ensure industry players are equipped with more information that can assist them with better resources as well as budget planning. Read More…

Brownfield Projects, OGSE, Petronas