Technip, Petronas collaborate for onshore, offshore projects in Asia Pacific

Source: Technip

Technip has agreed with MISC and MHB, subsidiaries of the Malaysia National Oil Corporation Petroliam Nasional Berhad (PETRONAS) to establish a long-term strategic collaboration. 

The areas of collaboration would initially involve working jointly on onshore and offshore projects, designing and building offshore platforms, exchanging expertise and developing technology. 

To cement this collaboration, Technip, as a strategic investor, would take a minority stake in MHB representing between 8 and 9.9% on its proposed listing during the second part of this year. 

Technip and MHB’s subsidiary MMHE have worked together previously and are currently co-contractors for PETRONAS' onshore and offshore facilities in Asia. 

For Technip, this investment and collaboration would further expand its portfolio of activities and services, in line with its strategic goals. This would also extend Technip’s local content and reinforce its position in the fast growing Asia Pacific region.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs