Nippon nearing offer for Layang project

By Tan Hwee Hwee

 02 August 2012 22:59 GMT

Japan’s JX Nippon OIl & Energy is expected to award a contract by September to a selected engineering outfit to carry out conceptual studies for the Layang oil and gas development in Block SK-10 off Sarawak, Malaysia, writes Tan Hwee Hwee.

The Japanese oil and gas operator has called bids for a two-month study to decide between two proposed development options.

Bids from the engineering companies taking part were understood to have been due in late July, with the contract award projected by late September.

The Malaysian unit of France’s Technip has been tipped as the early frontrunner, given its ongoing umbrella contract with JX Nippon.

The winning contractor will evaluate the two options for the processing of output — using a leased floating production, storage and offloading vessel or a new process platform to…

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