KUALA LUMPUR (Nov 14): Ranhill Utilities Bhd has bagged a US$27 million (RM124 million) contract to perform detail design engineering services for a new floating, production, storage and offloading (FPSO) vessel for Brazil's state-owned oil and gas (O&G) company Petrobras. P-82 is part of Petrobras' new generation of production facilities, characterised by their high production capacity and the technologies utilised to reduce cardon dioxide emissions. The unit will also be equipped with water injection capacity of 250,000 barrels per day and a storage capacity of two million barrels of oil. Ranhill said the duration of the detailed engineering phase is anticipated to be 14 months with follow-on engineering support thereafter. Ranhill's share price closed unchanged at 38 sen on Monday (Nov 14), for a market capitalisation of RM492 million.

Source: The Edge Markets November 15, 2022 03:00 UTC