Saturday 17 Oct 2026
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KUALA LUMPUR (Dec 8): MISC Bhd (KL:MISC) has secured a contract from PETRONAS Carigali Brunei Ltd to lease, operate and maintain a floating production unit for a natural gas project in Brunei.

In a filing with the bourse, MISC said the mobile offshore platform is expected to begin operations in the first half of 2029. PETRONAS is a major shareholder of MISC and the holding company for PETRONAS Carigali Brunei.

According to MISC, the charter will run for 12 years starting from when PETRONAS Carigali Brunei officially accepts the floating production unit, with an option of up to three one-year extensions.

The value of the letter of award was not disclosed.

PETRONAS Carigali Brunei is involved in the exploration, development and production of petroleum products and other hydrocarbons.

Shares of MISC were down four sen or 0.54% to RM7.31 on Monday’s (Dec 8) noon break, valuing the group at RM32.6 billion.

Edited ByPresenna Nambiar
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