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    1. Vessels

    MISC sells interest in Gumusut Kakap deepwater oil production unit

    Dec. 6, 2012
    MISC has approval to sell a half interest in its semisubmersible FPS Gumusut Kakap to Petronas’ subsidiary E&P Venture Solutions for $306 million, according to Lloyds.

    Offshore staff

    KUALA LUMPUR –MISC has approval to sell a half interest in its semisubmersible FPS Gumusut Kakapto Petronas’ subsidiary E&P Venture Solutions for $306 million, according to Lloyds.

    The vessel will be able to produce 150,000 b/d of oil fromsubsea wells and will be installed in 1,200 m (3,936 ft.) of water offshore Sabah.

    MISC says the sale will go to reducing its outstanding debts.

    For more information about petroleum exploration and development offshore Asia/Pacific, clickhere and here.

    12/06/2012