Petronas To Resume Oil Production in Q3

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Malaysia’s Petronas says it expects to resume full production at its Baram facilities in the third quarter after halting output in October, reports Reuters.

Firm halted after accident

Malaysia’s state energy firm Petronas said on Monday it expects to resume full production at its Baram facilities, off the state of Sarawak on Borneo island.

Force majeure 

According to a company spokesman, Petronas declared force majeure at its Miri crude oil terminal on Oct. 29. This move was made as a result of the ship collision on Oct. 27 at the Baram field.

“Rectification work is currently being carried out at the Baram facilities, which are expected to resume full production in Q3 2021.”

Cendor terminal partial production

Technical malfunction

Separately, Petrofac, the operator of the Cendor terminal, offshore Peninsular Malaysia, declared force majeure at the hub on Dec. 4 due to a “technical malfunction”, Petronas said.

“An investigation is ongoing and the Cendor terminal is currently on partial production mode,” Petronas said, without providing a timeline for when the terminal can resume full output.

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Source: Reuters