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Seven Companies Sign Joint Venture Agreements on Oil and Gas Operations and Services with Pangkalan Bekalan Kemaman Sdn Bhd
Jan 28 15
Seven companies have signed joint venture agreements on oil and gas (o&g) operations and services with Pangkalan Bekalan Kemaman Sdn Bhd, which operates the Kemaman Supply Base (KSB). The companies were Petronas Carigali Sdn Bhd, Exxonmobil Exploration and Productions Malaysia Inc, Talisman Malaysia Limited, Hess Exploration and Production, Lundin Malaysia BV, Petrofac (Malaysia) Limited, and Petrofac Energy Development Sdn Bhd. Besides the seven companies, 260 small companies were also involved oil and gas activities at KSB, providing over 15,000 jobs to locals in Kemaman. In the quest to develop KSB into a premier base in the peninsula, the state government has allocated 280 hectares of land to improve the port, warehouses and storage facilities for industrial equipment. Plans are afoot to build luxury residential properties and shopping complexes to provide conducive environment for the staff of these companies to stay and shop in Terengganu.
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