Floating production contractors are focusing their sights on an opportunity that is taking shape at the Kelidang ultra-deepwater field development in Brunei Darussalam.

Kelidang is a complex project and a major investment, and the operator Petronas late last year began giving indications that it was in the mood to revive the project following a suspension during the Covid years.

Petronas’ recent purchase of Murphy Oil’s 30% working interest in the block that hosts the Kelidang Cluster is, arguably, a vote of confidence by the Malaysian national oil company in the potential of the project.