MTC Group (MTC), a homegrown company specialising in FPSO leasing, field production operation, and turnkey development for mature and marginal fields, presented a paper on its experiences in the industry at the “6th FPSO, FLNG & FSRU GLOBAL SUMMIT 2019”. The event which was held in Shanghai was attended by major industry drivers from both local Chinese and international players. MTC was represented by Mohd Roslan Daut, General Manager (Development).
Under the topic of “Delivering Economical Multi-deployment FPSO Conversion Project On-Time and Within Budget”, the delegates were enticed with MTC’s time tested formula of success in making marginal fields development economical. The delegates too were asked not to just look at the potential of an individual marginal fields within one’s own awarded block but are persuaded to explore the idea of trans border development strategy. Where block owners are asked to developed marginal fields within their awarded block as a collective with other block owners using the multi deployment FPSO strategy. This is the strategy that MTC has been promoting and is employing for the development of marginal fields in Malaysia.
The conference in general highlighted the potential of China as a one stop centre for EPCIC of the FPSO, FLNG and FSRU market. Major Chinese local players such as BOMESC, Hudong-ZhongHua Shipbuilding Group too were featured during the event.