Hess hires anchor handler for Malaysian drilling operations

Malaysia’s Marine & General has been awarded a contract by Hess Exploration and Production Malaysia for the provision of one anchor handling tug supply vessel to support the oil company’s Malaysian drilling operations.

Photo by mkjr_ on Unsplash

The contract was awarded to Marine & General’s subsidiary, Jasa Merin, the company said in a Bursa Malaysia filing on Friday.

The contract, which started on July 11, 2019, is for a primary duration of twelve months, with an option for Hess to extend for an additional six months.

The contract and option are estimated to have a value of approximately RM 12.9 million ($3.1M) for the primary term and an additional RM 6.5 million ($1.5M) for the optional extended term.

In Malaysia, Hess is the operator of the North Malay Basin Block PM302 with a 50% interest and Petronas is its partner with the other 50% interest,

It is located approximately 186 miles (300 km) offshore the Trengganu Gas Terminal in the Gulf of Thailand, with a water depth of approximately 180 feet (55 m) and multiple gas bearing zones located at depths of 3,500 – 10,000 feet (1,000 – 3,000 m).

Offshore Energy Today Staff

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