Petronas refutes 14 oil rigs shut down report

 

Kuala Lumpur  – Petronas refutes the allegations in news reports published by the New Straits Times dated 24 April 2020, regarding the deactivation of 14 PETRONAS oil rigs as reported in its print version, and the shutting down of 14 projects as reported in its electronic version.

Sighted on the Petronas website, the Malaysia’s oil giant clarified that the Company has not shut down any of its rigs, offshore Malaysia, other than those concluding their drilling campaigns or are under temporary suspensions due to the current COVID-19 pandemic.

The press release reiterated that as the date of this Release, 18 rigs are in operation within Malaysia waters.

PETRONAS also wishes to clarify that there was a temporary suspension of projects at some worksites due to the Movement Control Order (MCO) implemented by the Government.

Currently, most of these projects have either resumed their work activities or will be resuming soon upon securing the necessary approval from the Government.

PETRONAS is striving to minimise the impact of its planned domestic CAPEX programme in the face of the current challenges.

However, we do expect that some projects will be naturally delayed due to the prolonged lockdowns implemented globally and the MCO in Malaysia, and further disruptions anticipated to the global supply chain.

Earlier, NST claimed that Petronas shut down 14 projects until oil price recovers.