MISC Marks Strategic Entry into Brunei with Maiden Floating Production Unit Project

(Image credit: MISC)
MISC Berhad (MISC) has received a Letter of Award for the Provision of Lease, Operate and Maintain (O&M) of Floating Production Unit (FPU) for Natural Gas Development Project in Brunei from PETRONAS Carigali Brunei Ltd (PCBL). This landmark contract was secured through an international competitive bidding and marks MISC’s strategic entry into Brunei’s offshore oil and gas market. The charter is for a firm period of 12 years, with PCBL holding the right to extend for up to three additional one-year periods.

The FPU will be deployed at offshore Brunei, where it is expected to contribute to the long-term supply of feedstock for Brunei’s LNG sector, supporting the country’s export commitments, national revenue, and energy security.

Zahid Osman, President & Group CEO of MISC, said, “This project is a significant milestone for MISC as it marks our entry into Brunei’s offshore market. This project embodies the spirit of our Delivering Progress strategy, as we continue to strengthen our foundation with high-quality, sustainable assets that deliver reliable performance and long-term value to our stakeholders. We are honored to partner with PCBL on this landmark project, which reflects our shared commitment to advancing safe, sustainable, and energy-efficient offshore operations.”

The FPU is designed with a production and processing capacity of 450 million standard cubic feet of gas per day (MMscfd) and 1,170 barrels of condensate per day, with a storage capacity of 300,000 barrels, ensuring operational flexibility. The FPU is engineered to deliver high operational efficiency and reliability throughout its deployment at the gas field, supporting sustained production and maximizing value for stakeholders.

This strategic partnership with PCBL not only marks the expansion of MISC’s portfolio in the offshore industry but also reinforces its commitment to supporting key energy developments in the region, guided by its Delivering Progress strategy.

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