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Article: Malaysia: Petronas to pay more tha Reliance for rig.
- Article from:
- TendersInfo
- Article date:
- July 18, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: manish03
PETROLIAM Nasional Bhd, Malaysia s state oil company, will pay 71 per cent more than Reliance Industries Ltd to rent a drillship, reflecting the demand for equipment to drill in deep water areas, Transocean Ltd said.
Petronas, as the Malaysian oil producer is known, and BHP Billiton Ltd will pay US$640,000 a day to rent Deepwater Expedition from Transocean, the world s largest offshore oil driller, starting in November 2010 to drill in Malaysian deep waters, according to a report on the driller s Web site.
The Kuala Lumpur-based company is striving to increase production in Malaysia by stepping up exploration in deeper areas ...