Petronas’ New Subsidiary to Focus on Marginal Fields Development (Malaysia)

PETRONAS Carigali Sdn Bhd has incorporated a new wholly-owned subsidiary, VESTIGO Petroleum Sdn Bhd, to focus on Development and Production activities from small, marginal and mature fields in Malaysia and abroad.

VESTIGO aims to optimise production from clusters of small, marginal and mature fields through operational, technical and cost effective methods while its parent PETRONAS Carigali continues to explore and develop larger and more technically complex fields.

“VESTIGO will enable PETRONAS to pursue additional growth areas such as small, marginal and mature fields through strategic partnerships with other industry players. The services offered by VESTIGO will be complementary to what PETRONAS Carigali provides in the industry today,” said Datuk Mohd Anuar Taib, President, PETRONAS Carigali Sdn Bhd.

“One of the strategic objectives of VESTIGO is to build niche technical and executional capabilities in the Development & Production of small and marginal fields which can later be replicated for our overseas ventures. It will offer new sources of growth for PETRONAS as we unlock strategic hydrocarbon assets,” said Datuk Mohd Anuar.

The company’s immediate focus will be on adjacent areas in the domestic front.

 

Press Release, July 1, 2013

Share this article

Follow Offshore Energy Today

Events>

<< Mar 2020 >>
MTWTFSS
24 25 26 27 28 29 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Navingo Career Event

The Navingo Career Event is Europe’s biggest career event for the maritime…

read more >

Offshore Technology Conference (OTC) 2020 Postponed

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

OWI APAC 2020

Over the two-day conference, 30 expert speakers will share exclusive insight to help drive well work efficiencies through innovative…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply