August 20, 2017 4:04 PM ET

Company Overview of Petrofac Energy Developments Sdn Bhd

Company Overview



Key Executives for Petrofac Energy Developments Sdn Bhd

Petrofac Energy Developments Sdn Bhd does not have any Key Executives recorded.

Petrofac Energy Developments Sdn Bhd Key Developments

Petrofac Energy Developments Sdn Bhd, Kencana Energy Sdn Bhd and Sapura Energy Ventures Sdn Bhd Reaches Mutual Agreement with PETRONAS for Cessation of Berantai Risk Service Contract

Petrofac announced that Petrofac Energy Developments Sdn Bhd and its partners, Kencana Energy Sdn Bhd and Sapura Energy Ventures Sdn Bhd, have reached mutual agreement with PETRONAS for the cessation of the Berantai Risk Service Contract (RSC). With the cessation of the RSC, which will be effective on 30 September 2016, PETRONAS will reimburse the balance of outstanding capital and operational expenditures to Petrofac and its partners over the period to June 2017. As part of the arrangement the ownership of the Berantai FPSO will be transferred to PETRONAS. The Berantai RSC was the first RSC awarded by PETRONAS to Petrofac Energy Developments Sdn Bhd and its two local partners on 31 January 2011. Since then it has co-invested in the development of the Berantai field and been responsible for its operation and maintenance. Petrofac will use the cash proceeds for general corporate purposes.

Similar Private Companies By Industry

Company Name Region
03 Group Ltd. Asia
1 M Utama Sdn Bhd Asia
10 Lingkungan Sdn Bhd Asia
101 Properties Berhad Asia
1Care Consortium Sdn Bhd Asia

Recent Private Companies Transactions

No transactions available in the past 12 months.

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
The Advertising Council, Inc. United States
Bertelsmann AG Europe
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Petrofac Energy Developments Sdn Bhd, please visit --. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at