These plans were highlighted in an online industry dialogue late last month with local oil and gas players comprising members of the Malaysia Offshore Support Vessels Association, the Malaysia Offshore Contractors Association and Malaysia Oil and Gas Services Council.
(May 15): As crude oil prices remain under pressure, Malaysia’s national oil company Petroliam Nasional (Petronas) is pushing for a consolidation in the offshore support vessel (OSV) segment.
Interestingly enough, one of the proposals being discussed is a “Proposed Malaysian OSV Private Business Unit Trust Structure” (see chart).
