MISC sells interest in Gumusut Kakap deepwater oil production unit
Dec. 6, 2012
MISC has approval to sell a half interest in its semisubmersible FPS Gumusut Kakapto Petronas’ subsidiary E&P Venture Solutions for $306 million, according to Lloyds.
Offshore staff
KUALA LUMPUR –MISC has approval to sell a half interest in its semisubmersible FPS Gumusut Kakapto Petronas’ subsidiary E&P Venture Solutions for $306 million, according to Lloyds.
The vessel will be able to produce 150,000 b/d of oil fromsubsea wells and will be installed in 1,200 m (3,936 ft.) of water offshore Sabah.
MISC says the sale will go to reducing its outstanding debts.
For more information about petroleum exploration and development offshore Asia/Pacific, clickhere and here.
