What is the truth behind alleged deactivation of 14 Petronas rigs?

Question

Accepted Answer

Petronas Denies Widespread Rig Deactivation, Cites Pandemic-Related Suspensions and Delays

Petroliam Nasional Bhd (Petronas) has refuted claims of a large-scale shutdown of its oil rigs offshore Malaysia, stating that any operational suspensions are temporary and directly linked to the Covid-19 pandemic. As of the reporting period, 18 Petronas rigs remain active within Malaysian waters, with no rigs being permanently decommissioned outside of those concluding their scheduled drilling campaigns.
Temporary Suspensions Due to Movement Control Order

Petronas clarified that certain projects experienced temporary work stoppages due to the government-imposed movement control order (MCO). The national oil company indicated that the majority of these suspended projects are either already back in operation or are in the process of resuming activities, pending the necessary governmental approvals. This approach aims to mitigate immediate disruptions while adhering to public health directives.
Minimising Impact on Capital Expenditure Programme

The company is actively working to minimise the pandemic's influence on its planned domestic capital expenditure (Capex) programme. This involves strategic planning and adaptation to ongoing global and local restrictions. Petronas is focused on maintaining operational continuity where possible and ensuring a phased resumption of activities.
Acknowledging Project Delays from Global Factors

Despite efforts to mitigate impacts, Petronas anticipates that some projects will inevitably face delays. These anticipated delays are attributed to extended global lockdowns, the MCO in Malaysia, and expected disruptions within the global supply chain. The company acknowledges these external factors as unavoidable contributors to schedule adjustments.

Reading history

Hide →

This history is cleared when the page is closed.

What is the truth behind alleged deactivation of 14 Petronas rigs?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends