MISC (KLSE:MISC) clinched a deal from PETRONAS Carigali Brunei for the lease, operation and maintenance of a floating production unit (FPU) for a natural gas development project in Brunei.
The FPU is expected to commence operations in the first half of 2029, with a charter term of 12 years and options for up to three additional one-year extensions, according to a Monday Malaysian bourse filing.
MISC will manage project execution, operational, and regulatory risks based on its offshore experience.
Financial terms were not disclosed.
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