Reframe APAC Rig Schedules Around Restart, FPSO and Gas Deals

What happened

PTTEP and Petronas signed a production sharing contract and gas sales agreement for Block A-18-01 delivering a long-term supply framework in the Malaysia–Thailand joint area. The agreements run from an effective start date and commit gas to both countries, supporting power generation demand in southern Thailand. Watch whether development schedules and tie-back plans translate into firm drilling and service tenders for the block

Why the category manager should care

Treat this as a durable demand baseline for drilling, completions and tie-backs in the Gulf of Thailand that shifts some scopes toward longer-term contracts and vendor relationships

Key facts

• PSC and GSA term of 35 years, effective from January 1, 2026
• Block A-18-01 production capacity roughly in the 300–400 million standard cubic feet per day
• Gas supply split equally between Thailand and Malaysia

What happened

Jadestone is progressing production restarts and development activity across APAC, naming recommended EPCI contractors and identifying mooring and riser remedial work at multiple fields. The company has explicit restart targets and an insurance window that shape when mobilisation and installation activity must occur. Procurement should track contractor shortlist outcomes and insurance expiry dates to align mobilisations and contract terms

Why the category manager should care

This is an operationally real restart sequence; buyers should treat recommended EPCI contractor steps and mooring work as firm procurement events that will require mobilisation planning

Key facts

• Production restart targeted for the second quarter of 2027 at the Stag field (per company tim
• Business-interruption insurance coverage for the Stag shutdown runs until May 2027
• CWLH fields target production restart around the end of the third quarter of 2026 after riser

What happened

Seatrium announced imminent sailaways for two large P-series FPSOs that move into offshore commissioning in close succession, creating concentrated demand for hook-up, towage and commissioning teams. The vessels are large-capacity units and form part of a repeat-build program that reinforces yard-to-operator relationships. Procurement should watch follow-on P-series scheduling and yard occupation when assessing availability for integration and mobilisation

Why the category manager should care

Expect concentrated commissioning and hook-up demand; buyers must confirm vendor slot commitments and accommodation/transport capacity for successive sailaways

Key facts

• P-80 and P-82 are among the largest FPSOs and designed to produce 225,000 barrels of oil per
• P-80 and P-82 are the 47th and 48th projects Seatrium has delivered for Petrobras
• Sailaways scheduled within weeks of each other, accelerating offshore commissioning workloads