KENCANA, SAPURACREST AND PETROFAC FORM JOINT VENTURE

PETROFAC

KUALA LUMPUR Jan 31 - Malaysia's state oil firm Petronas has awarded a risk service contract to a joint venture company comprising Malaysian oil and gas companies Kencana and Sapuracrest , and United Kingdom's Petrofac to develop one of its oil and gas fields. 

The contract, which runs for nine years, grants the consortium the responsibility of providing and executing a field development plan on the Berantai field, located about 150 kilometres off the Malaysian state of Terengganu on the east coast. 

Kencana and Sapuracrest will each hold a 25 percent stake in the JV company, while Petrofac will hold the remaining 50 percent stake. 

The development cost of the field was estimated to be about $800 million, which will be divided among the JV partners in accordance with their equity stake. 

The consortium is targeting first gas by the end of 2012 with the first phase of 18 wells expected to be completed before then. 

Petrofac had also recently been awarded a $280 million offshore contract by Petronas Carigali, a subsidiary of Petronas. -Reuters

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Notice From Kencana Petroleum

 

Notice Regarding Fraudulent Job Offer
October 11, 2010 

It has recently come to our attention that unauthorized individuals have been sending out fake employment offers and other bogus recruitment materials using the Kencana Petroleum name in an attempt to defraud would-be job seekers. 

Please be advised that Kencana Petroleum Berhad and its subsidiary companies (Kencana HL Sdn Bhd, Kencana Bestwide Sdn Bhd, Kencana Petroleum Ventures Sdn Bhd, Kencana Pinewell Sdn Bhd and Kencana Torsco Sdn Bhd) will never ask for fees or upfront payments during the recruitment process. Therefore, if any person or "agency" solicits fees from you as part of a “recruitment process" or as part of an offer of employment, you should assume that the communication is not from Kencana Petroleum or any firm working on behalf of Kencana Petroleum. 

Do not respond to such offers. Never divulge personal information to questionable sources. Legitimate Kencana Petroleum offers and our authorized recruiting agencies never seek fees from prospective employees. Individuals with information regarding these scams are strongly encouraged to alert us via info@kencanapetroleum.com.my and/or contact the local police.

If you have any questions regarding the authenticity of any communication purportedly by or on behalf of Kencana Petroleum or its subsidiary companies, please contact Human Resources Department at +603 6209 8000.

Interested job seekers are advised to make application directly to Kencana Petroleum by writing to recruitment@kencanapetroleum.com.my

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