The MoU outlines the collaboration between the three parties to develop a floating production, storage, and offloading (FPSO) unit for the Bintulu field in Sarawak, Malaysia.
The Collaboration
The partnership between Velesto Energy, Petronas, and National Oilwell Varco aims to develop a state-of-the-art FPSO unit that will enhance the production and processing of oil and gas from the Bintulu field.
The Partnership Between Velesto and NOV
The partnership between Velesto and NOV marks a significant milestone in the oil and gas industry. Velesto, a leading provider of drilling and production solutions, has partnered with NOV, a global leader in drilling and production technology, to integrate and optimize their systems on Velesto’s drilling rigs.
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Key Benefits of the Partnership
The partnership between Velesto and NOV is expected to bring numerous benefits to the oil and gas industry. Some of the key benefits include:
Integration and Optimization
Velesto will oversee the integration and optimization of these systems on its drilling rigs. This will enable Velesto to provide its customers with the latest technology and expertise, while also improving the overall efficiency and productivity of its operations.
Technical Support and Training
NOV will provide technical support and training for local implementation and knowledge transfer.
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