Development of deepwater fields to spur demand for maintenance and fabrication works. The focus on developing deepwater fields over the next six years, led by various oil majors’ participation in the exploration and development activities in Malaysian waters, would mean increasing demand for Malaysian maintenance and fabrication works. According to industry sources, Petronas expects to construct 60 new oil & gas platforms over the period of 2010-15, driven mainly by new deepwater fields coming onstream.
Oil & Gas - Fabricators To Ride On Stronger Contract Flows In 2H10 - 21/5/2010
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