Petronas awards $1 billion EPC contract to develop two oil and gas fields at Block SK316 in Sarawak

Petroliam Nasional Berhad (Petronas) has awarded an engineering, procurement and construction (EPC) contract to the consortium of Malaysia Marine and Heavy Engineering Holdings Berhad and France’s Technip to develop two oil and gas fields at Block SK316 in Sarawak. The value of the EPC contract is $1 billion. Berlian McDermott Sendirian Berhad and SAIPEM (M) Sendirian Berhad had also submitted their bids.