Friday 29 Mar 2024
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KUALA LUMPUR: Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) has secured contracts worth RM350 million for fabrication and other associated works for two exploration and production projects off Peninsular Malaysia.

In a statement yesterday, the marine and heavy engineering services provider said the first contract is for the fabrication of a wellhead platform and its jacket, the connecting bridge, and heavier jacket for the central processing platform for the North Malay Basin (NMB) Bergading Complex.

According to the statement, MHB will be the subcontractor for Hyundai Heavy Industries Co Ltd.

The total weight of these structural components under MHB’s work scope is about 14,800 tonnes, and they are scheduled for sail away and delivery to the project’s ultimate client, Hess Exploration and Production Malaysia BV, by 2016.

The NMB Bergading Complex is located off Peninsular Malaysia, in water depth of between 55m and 60m.

The second contract, meanwhile, is the procurement, construction, hook-up and commissioning contract for the Besar–A wellhead platform and its jacket, as well as the associated host tie-in work for Petronas Carigali Sdn Bhd.

With a total components weight of 5,100 tonnes, the project is scheduled to be completed towards the end of 2015.

The Besar field is located offshore, 185km northeast of Kerteh in Terengganu, at a water depth of some 70m.

MHB managing director and chief executive officer Dominique de Soras said these projects were awarded after competitive bidding among regional yards.

“The award of these projects is a reflection of MHB’s improved competitiveness,” he said, attributing this to a number of initiatives and stronger management focus on the offshore business segment.

“As oil and gas companies increasingly implement more stringent project evaluation threshold levels, every project awarded becomes critical in fulfilling the overall organisational objectives of our customer.

“So, we look forward to reciprocating the trust given to MHB by fulfilling our commitments and executing these projects effectively,” he added.

 

This article first appeared in The Edge Financial Daily, on November 4, 2014.

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