Velesto snags $13.4M P&A work at Petronas' Tembungo Field
Aug. 26, 2022
Velesto Workover Sdn. Bhd. has received a work order award from Petronas Carigali Sdn. Bhd. for provision of plug and abandonment integrated services for Tembungo A & B offshore Sabah, Malaysia.
Courtesy Velesto Energy
Offshore staff
MALAYSIA —Velesto Workover Sdn. Bhd. has received a work order award from Petronas Carigali Sdn. Bhd. for provision of plug and abandonment integrated services for Tembungo A & B offshore Sabah, Malaysia.
The work is for an estimated value up to RM60 million (US$13.4 million) with salient terms as follows:
The duration of the campaign is for 21 months for Tembungo-A tentatively from May 2022 until January 2024 with an extension option of 12 months for Tembungo-B tentatively from January 2024 until December 2024.
Provision of integrated project management and hydraulic workover unit services for the duration of the campaign.
