Malaysian energy services solutions provider T7 Global has completed construction of the new mobile offshore production unit (MOPU) TSeven Shirley for Valeura Energy’s Nong Yao C oilfield development offshore Thailand.
Construction of the MOPU has been completed and the platform is scheduled for sailaway soon to the Nong Yao field, in the Gulf of Thailand. T7 noted this deployment is a significant milestone for the company, as it marks its maiden foray into Thai waters, via the 400 million ringgit ($84.6 million) contract with Valeura.
T7 on Friday officially named the newbuild platform at China State Shipbuilding Corporation’s Beihai Shipyard in Qing Dao, China, where it was fabricated.
Singapore-headquartered Valeura last month said it expects start-up from Nong Yao C in June.
Valeura Energy Inc (TSX:VLE) is an upstream oil & gas company, with a clear strategy to add value for shareholders. The Company has a strong balance sheet positioning it for potential inorganic growth opportunities in the near/medium-term, and substantial longer-term upside potential through an operated deep, tight gas play.
