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Petrofac Malaysia

Petrofac is one of the world’s fastest growing international oilfield services companies that has successfully established projects in 29 countries. It’s operated by 18,300 employees with the contribution to group net profit of US$669 million last year.

After more than fifteen years of operation, Petrofac decided to widen its horizon to Malaysia. Petrofac Malaysia actively operates and partakes in oil and gas production since 2006 with mandate given by the Government and PETRONAS. Its main role is to assist in establishing the oil and gas resources in the country with tax incentives and allowing skilled foreign experts to work hand in hand with the local resources.

PM304 was originally classed as a marginal resource and today is among the largest oil fields in Malaysia. Petrofac also became an operator of Cendor field together with partners Kuwait Foreign Petroleum Exploration Company (KUFPEC), PetroVietnam and PETRONAS Carigali Sdn Bhd (PCSB) in developing the field with phased programme. Its first oil was produced in 2006 in just 16 months and now expected to yield some 200 million barrels. Petrofac continues its remarkable performance when Cendor Phase 2 Project achieved 10 million hours without a single lost time incident (LTI) and first oil production on West Desaru in August only 18 months approval by PETRONAS. The Berantai project is an offshore gas field development involving investment approximately US $1 billion. This fast track development reached first gas in just 21 months.

Petrofac also has delivered various lump-sum projects for clients in the engineering, procurement, construction, installation and commissioning (EPCIC). It achieved first oil at SEPAT offshore early production system (EPS) in December 2011. The EPCIC assignment was its first lump-sum offshore EPCIC contract in South East Asia. Petrofac was also was awarded a US$220 million contract by PCSB, for the refurbishment of the Bekok-C platform.

Petrofac also successfully completed numbers of offshore projects through its engineering services company called Petrofac RNZ which caters the demand from design to construction management. It has added on an additional 700 employees from the total headcount in Asia-Pacific to 1,500.

It continues its growth by providing the world class program, designing and constructing infrastructure for technical training to cater skilled workforce with the establishment of the INSTEP Integrated Oil and Gas Training Centre in Terengganu in collaboration with PETRONAS.

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Last Updated : Friday 17th November 2017