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Siemens to supply equipment for Petronas’ Gas Field Development Project

Siemens Petronas
The project is developed in the South China Sea, offshore Sarawak in Malaysia

Germany-based multinational conglomerate company Siemens has won a contract to provide equipment for Petronas’Kasawari Gas Field Development Project in the South China Sea, offshore Sarawak in Malaysia, the media reported.

According to the contract, Siemens will supply three SGT-300 industrial gas turbine generators (GTG), three mechanical-drive SGT-300 gas turbines, and three DATUM centrifugal compressors for Petronas’ project.

Each power turbine provided by Siemens will have a power capacity of 7.9 megawatts electric (MWe) at ISO condition, which will power the entire CPP process and export natural gas.

Thorbjoern Fors, chief executive at Siemens Energy Oil & Gas Division told the media, “Siemens Gas and Power is proud to be selected by MMHE in supporting PCSB’s project to supply our proven, robust SGT-300 gas turbines and DATUM compressors for their large-scale field projects. This new contract award follows our breakthrough year in 2018 in Malaysia when Siemens supplied three SGT-300 units after signing our Global Frame Agreement contract with Petronas in 2017.”

Siemens Energy will also provide the complete electrification package for Line 3 of Cairo’s metro expansion project, said a press release.

A report published last month suggested that Siemens will give 55 percent of its power business to shareholders when it spins it off in September.

Siemens share sale is expected to be one of the biggest of the year, as the coronavirus pandemic has pushed the global economy into recession.

The Munich headquartered company saw its revenue fall by 4 percent in 2019 while its operating profit margin was 7.1 percentage points below the group level.

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