Malaysian firm Dagang NeXchange (DNeX) said it had earmarked £51.4 million for production boosting work at the UK North Sea Anasuria Cluster after completing the acquisition of compatriot Ping Petroleum.
Malaysian IT and energy sector service provider Dagang Nexchange (DNeX) has reached a deal to take its shareholding in North Sea minnow Ping Petroleum to 90%.
Malaysian firm Hibiscus Petroleum has opted to use a floating production, storage and offloading vessel (FPSO) to develop a number of assets in the UK North Sea.
Malaysian oil firm Hibiscus Petroleum said today that it expects to have a field development plan in place for two UK North Sea blocks by the end of this year.
A Malaysian duo will try to get after another 1.7 million barrels of oil in the Anasuria Cluster with a second sidetrack well on the Guillemot A field.
Petrofac has been appointed as duty holder to support North Sea incomers Anasuria Operating Company Limited in a deal worth $250million, securing 65 jobs.
An offshore worker has died while working on an FPSO (Floating, Production, Storage and Offloading) vessel in the North Sea.
Tributes have been paid to William Nichol, 61, who had been working for IKM Testing UK Limited on the Anasuria FPSO.
Police were sent offshore to investigate following the incident which happened at around 4pm on Tuesday on the Shell-operated vessel.