Technip and PETRONAS announce strategic partnership
Technip announces today that it 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.
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/23082010/technip_and_petronas_announce_strategic_partnership/
You might also like
Vietsovpetro welcomes first oil flow from Kinh Ngu Trang field - Kinh Ngu Trang Nam
Putting the mine into commercial exploitation on schedule contributes to maintaining and increasing production output, consolidating Vietsovpetro's core role in the value chain of oil and gas exploration and exploitation in Vietnam.