Offshore Oil & Gas Future Development

PETRONAS recently signed a Joint Development Agreement (JDA) with BRP-ROTAX of Austria to further develop and commercialise PETRONAS’ high performance engine family. Under the agreement, the engines will be developed for commercialisation in BRP-ROTAX’s facility in Gunskirchen, Austria commencing November 2005.The JDA is a follow-up from the Framework Agreement and Letter of Intent that were signed in March and July respectively this year, formalising the mutual intent of both parties to explore the commercial feasibility of the PETRONAS engine technology and to establish a long-term strategic partnership. (more…)

PETRONAS recently signed a Joint Development Agreement (JDA) with BRP-ROTAX of Austria to further develop and commercialise PETRONAS’ high performance engine family. Under the agreement, the engines will be developed for commercialisation in BRP-ROTAX’s facility in Gunskirchen, Austria commencing November 2005.

The JDA is a follow-up from the Framework Agreement and Letter of Intent that were signed in March and July respectively this year, formalising the mutual intent of both parties to explore the commercial feasibility of the PETRONAS engine technology and to establish a long-term strategic partnership. (more…)