Search results for: Perisai

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  • 7 November 2013

    Malaysia’s Perisai has appointed Hercules Offshore, Inc. as the drilling operations and maintenance manager of the Perisai Pacific 101 and Perisai Pacific 102, Perisai’s newbuild Pacific Class 400 jack-up drilling Rigs. The Perisai Pacific 101 is scheduled for completion and delivery in July 2014 and the Perisai Pacific 102 about a year after. Headquartered in Houston, […]

  • 30 November 2012

    After the announcement that EOC has secured a Letter Of Award (“LOA”) from Hess Exploration and Production Malaysia B.V. (“Hess E&P Malaysia”) via its Malaysian agent Larizz Petroleum Services Sdn Bhd (“Larizz”), for the charter of the FPSO Lewek Arunothai (the “FPSO”) for a three year period with an extension option for up to three […]

  • 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 […]

  • 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, […]

  • 12 May 2014

    Following last week’s Bursa Malaysia filing by Perisai Petroleum Teknologi, in which the company said it had received a contract from Petronas Carigali Sdn Bhd for the provision of an offshore jack-up drilling rig, Perisai has today provided additional information on the contract. The company has today said that the value of the contract is $158 […]

  • 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 […]

  • 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 […]

  • 22 August 2013
    Business & Finance

    TL Offshore, a subsidiary of one of Malaysia’s largest oilfield services providers SapuraKencana, has decided not to extend a charter deal for the ‘Enterprise 3’ derrick lay barge. The barge, owned by SJR Marine,a Perisai-owned company, has been working for TL Offshore since it was launched in 2008. “The company is considering available options in […]

  • 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 […]

  • 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 […]

  • 21 August 2017

    Singapore’s offshore services company EMAS Offshore Limited is seeking legal advice after Malaysia’s Perisai Petroleum moved to activate a previously agreed put option which would force Emas to buy Perisai’s share in SJR Marine. Namely, Perisai owns a 51 percent stake in SJR Marine, a company which owns the ‘Enterprise 3’ derrick lay barge, with […]

  • 31 December 2013
    Business & Finance

    Sembcorp Marine’s subsidiary PPL Shipyard has secured a repeat order to build a third Pacific Class 400 jack-up rig worth US$211.5 million (approx. USD 211.5 million) from Perisai (L) Inc, a wholly-owned subsidiary of Perisai Petroleum Teknologi Bhd. Scheduled for delivery in the third quarter of 2016, this third jack-up rig will be built based […]

  • 13 June 2016
    Exploration & Production, Project & Tenders

    Malaysian drilling contractor Perisai Petroleum has deferred a jack-up rig delivery once again. The company on Friday said it agreed with the PPL Shipyard to postpone the delivery of the Perisai Pacific 102 until October 31, 2016. This is a second delay for the Perisai Pacific 102, as the companies had in October 2015 agreed to revise the […]

  • 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, […]

  • 9 May 2014
    Business & Finance

    Malaysia’s Perisai Petroleum Teknologi has received a contract from Petronas Carigali Sdn Bhd for the provision of an offshore jack-up drilling rig. In a Bursa Malaysia filing, the company said that its 51% subsidiary Perisai Offshore Sdn Bhd  has secured a Letter of Award from Petronas Carigali Sdn Bhd (“PCSB”) dated 24 April 2014 for the […]

  • 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.

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]