Vastalux gets special licence for Dulang

Vastalux Energy Bhd whose Petronas licence was suspended in January this year has been issued a special licence by the national petroleum company to participate in Petronas Carigali Sdn Bhd’s hook-up and commissioning of the Dulang field compressed gas capacity enhancement project.

Vastalux made the announcement to the stock exchange yesterday. The special licence is not to be considered as a precedent for any subsequent or future works to be undertaken by Vastalux, it said.

“Meanwhile, Vastalux is pursuing to procure its Petronas licence in order to be eligible to participate in Petronas’ future tenders,” the company added.


This article appeared in The Edge Financial Daily, July 8, 2010.