TechnipFMC has obtained the integrated engineering, procurement, construction, and installation (iEPCI) contract for the Limbayong project from Petronas Carigali. This project is situated in the deep waters of Malaysia, approximately 120 kilometers from the shores of Sabah.
Contract Details and Project Specifications
The contract is awarded for the development of the Limbayong field, which is an unrelated oil and gas field, to TechnipFMC's subsidiary, FMC Wellhead Equipment. This company will utilize the Subsea 2.0 platform to carry out all underwater activities, helping to expedite project cycle time.
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No specific information has been provided regarding the exact value of the contract, but TechnipFMC has indicated that this contract is significant and falls within the range of $75 million to $250 million. It is expected that this order will be recorded in incoming orders in the third quarter of 2026.
History of the Limbayong Field
The Limbayong field is located at water depths of 900 to 1200 meters. The Limbayong-1 well discovered gas in 2002, while the Limbayong-2 appraisal well discovered oil in 2013. In late August 2026, Petronas confirmed that the final investment decision for the Limbayong project has been approved in the first half of 2026 after years of delays.
These efforts reflect ongoing initiatives to develop oil and gas resources in the region and can particularly help reduce time and costs in technical and engineering aspects. Given the importance of this project, it is expected to create significant economic and social impacts in the region.
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