Search results for: Perisai Petroleum

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  • 4 October 2016

    Malaysian offshore services provider Perisai Petroleum is working on alternatives after noteholders rejected its debt restructuring plan. Persai had hoped to receive waivers for the non-payment of principal interest for S$125 million notes due on October 3 and was hoping it would be able to defer the interest payment and maturity date to February 2017. However, […]

  • 14 October 2016
    Equipment

    Perisai Petroleum, a struggling Bursa Malaysia-listed oilfield services provider, is now a PN17 company, after failing to pay its interest to noteholders, and declaring itself insolvent. According to a definition by KLM Management, PN17 is issued by Bursa Malaysia, to companies that are in financial distress. Companies that fall within the definition of PN17 will […]

  • 7 July 2020
    Business & Finance, Business developments & projects

    Malaysian offshore support vessel provider Icon Offshore has confirmed it is in the process of negotiating the acquisition of Perisai Petroleum Teknologi’s jack-up drilling rig.

  • 19 October 2016

    Perisai Petroleum, an oilfield services provider from Malaysia, has received a notice from its noteholders, demanding an immediate payment of the redemption amount of the S$125 million notes together with interest. To remind, Perisai had hoped it would be able to delay the payment date of S$125 million notes to February 3, 2017. The maturity […]

  • 2 March 2015
    Business & Finance

    Perisai Petroleum Teknologi’s subsidiary Intan Offshore Group has today received notice from Emas Offshore exercising its option to extend charters for three vessels.  According to Perisai Petroleum’s Bursa Malaysia filing, the contracts for three crew vessels, Sarah Gold, Sarah Jade and Bayu Pearl have now been extended for two years. The original contract chartered the three vessels for […]

  • 29 September 2017

    Singapore’s offshore vessel provider Emas Offshore, and Malaysia’s counterpart Perisai Petroleum are still at loggerheads over a put option agreement entered into in 2012. Perisai owns a 51 percent stake in SJR Marine, a company which owns the ‘Enterprise 3’ derrick lay barge, with Emas owning the remaining 49 percent. The two companies agreed to […]

  • 1 August 2016
    Business & Finance, Exploration & Production

    Oil company Hess has extended a farm-out deal for a jack-up rig with Malaysia’s Perisai Petroleum Teknologi. Hess hired Perisai Petroleum’s jack-up drilling rig Perisai Pacific 101 in October 2015 through a farm-out agreement. Namely, the rig was originally contracted by the Malaysian oil company Petronas Carigali in 2014. In the farm-out deal, it was also […]

  • 22 August 2013
    Business & Finance

    Perisai Petroleum Teknologi Bhd announced that its wholly owned subsidiary, SJR Marine (L) Ltd has this evening received a notice from TL Offshore Sdn Bhd dated 21 August 2013 providing a notice period of 21 days to precede the end of the extension charter of the Derrick Lay Barge, Enterprise 3. The Enterprise 3 is owned […]

  • 23 June 2017
    Business & Finance, Exploration & Production

    Perisai Petroleum has been awarded a contract extension for the jack-up drilling rig Perisai Pacific 101 by Malaysia’s state-owned oil company Petronas.  Perisai’s 51% subsidiary, Perisai Offshore, has been awarded the extension to the contract, secured on May 8, 2014, which required the provision of the Perisai Pacific 101 jack-up to Petronas Carigali for duration of […]

  • 17 June 2019
    Business & Finance, Exploration & Production

    Perisai Petroleum Teknologi Berhad has received a letter of award from Petronas Carigali for the provision of jack-up drilling rig, Perisai Pacific 101 (PP101) for Samarang drilling campaign.

  • 24 March 2016
    Exploration & Production

    Perisai Petroleum Teknologi, a Malaysia-based upstream oil & gas service provider, is in discussions with a shipyard to postpone the delivery of a new jack-up drilling rig.  Perisai ordered the jack-up rig Perisai Pacific 102 from Sembcorp Marine’s PPL Shipyard in Singapore back in February 2013 at a price of $120 million. The rig was initially […]

  • 26 December 2013
    Business & Finance, Project & Tenders

     EOC Limited announced that the acquisition of 49% of the equity interest in SJR Marine by Perisai Petroleum Teknology Berhad has been completed today. The deal was announced previously on 30 November 2012 and 28 March 2013, pursuant to which EOC Limited said that it had signed a Share Sale Agreement with Perisai Petroleum Teknology […]

  • 23 December 2016

    Singapore’s Emas Offshore and Malaysia’s Perisai Petroleum Teknologi have reached a settlement agreement in a dispute over put options in their joint venture SJR Marine.  Oilfield services provider Perisai holds 50% interest in SJR Marine with an option to sell the entire share to Emas, which already holds the remaining 49% interest. Since early October 2016, […]

  • 28 January 2011
    Business & Finance

    Perisai Petroleum Teknologi Bhd has proposed an acquisition of 51% equity interest in Intan Offshore Sdn Bhd for RM45.2mil(USD$ 14,8) to … [mappress] Source:Thestar, January 28, 2011;

  • 28 February 2013

    Sembcorp Marine’s subsidiary PPL Shipyard has secured a repeat order to build a second Pacific Class 400 jack-up rig worth US$208 million from Perisai (L) Inc, a wholly-owned subsidiary of Perisai Petroleum Teknologi Bhd. Scheduled for delivery in the second quarter of 2015, the second jack-up rig will be built based on PPL Shipyard’s proprietary […]

  • 28 February 2013
    Business & Finance

    Sembcorp Marine’s subsidiary PPL Shipyard has secured a repeat order to build a second Pacific Class 400 jack-up rig worth US$208 million from Perisai (L) Inc, a wholly-owned subsidiary of Perisai Petroleum Teknologi Bhd. Scheduled for delivery in the second quarter of 2015, the second jack-up rig will be built based on PPL Shipyard’s proprietary […]

  • 28 February 2013

    Sembcorp Marine’s subsidiary PPL Shipyard has secured a repeat order to build a second Pacific Class 400 jack-up rig worth US$208 million from Perisai (L) Inc, a wholly-owned subsidiary of Perisai Petroleum Teknologi Bhd. Scheduled for delivery in the second quarter of 2015, the second jack-up rig will be built based on PPL Shipyard’s proprietary […]

  • 18 April 2017
    Infrastructure

    Emas Offshore Construction and Production is set to demobilize the Perisai Kamelia FPSO from its location offshore Malaysia. The FPSO is owned by Emas Victoria, a joint venture between Perisai Petroleum and Emas Offshore. Under the agreement, EOCP will provide project management, engineering and project support services for the demobilization of the FPSO Perisai Kamelia […]

  • 21 August 2013
    Business & Finance

    EOC Limited (the Company) announces that it has completed the sale of 51% equity interest in the entities owning and operating the FPSO “Perisai Kamelia” (formerly known as “Lewek Arunothai”) to Perisai Production Holdings Sdn Bhd, a wholly-owned subsidiary of Perisai Petroleum Teknologi BHD (“Perisai”). The Company completed the Sale of FPSO on 21 August 2013. […]

  • 21 August 2013
    Business & Finance, Project & Tenders

     Singapore’s EOC Limited has completed the previously announced sale  of 51% equity interest in the entities owning and operating the FPSO “Perisai Kamelia” to Perisai Production Holdings Sdn Bhd, a wholly-owned subsidiary of Perisai Petroleum Teknologi BHD (“Perisai”). The Company has announced that the sale of the FPSO formerly known as the “Lewek Arunothai”  has been completed on 21 […]

  • 2 October 2015
    Exploration & Production

    Malaysia’s Perisai Petroleum has informed that Hess Corporation has hired its Perisai Pacific 101 jack-up rig. The company explained in a Bursa Malaysia filing on Friday that the contract agreed between its 51%-owned subsidiary Perisai Offshore Sdn Bhd and Hess, was actually a farm-out agreement. This means that the rig, originally contracted by the Malaysian […]

  • 24 June 2014

    Malaysia’s Perisai has taken delivery of a newly built offshore jack-up drilling rig.