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Petronas moots oil and gas trust for OSV sector

Jose Barrock
Jose Barrock5/15/2020 06:30 AM GMT+08  • 4 min read
Petronas moots oil and gas trust for OSV sector
In a nutshell, the unitholders of the trust will be shareholders of OSV companies, financial institutions and banks, as well as Permodalan Nasional Bhd (PNB).
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(May 15): As crude oil prices remain under pressure, Malaysia’s national oil company Petroliam Nasional (Petronas) is pushing for a consolidation in the offshore support vessel (OSV) segment.

Interestingly enough, one of the proposals being discussed is a “Proposed Malaysian OSV Private Business Unit Trust Structure” (see chart).

These plans were highlighted in an online industry dialogue late last month with local oil and gas players comprising members of the Malaysia Offshore Support Vessels Association, the Malaysia Offshore Contractors Association and Malaysia Oil and Gas Services Council.

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