Ranhill Worley Wins RM43 Million Contract By PTTEP HK Offshore Limited

Perunding Ranhill Worley Sdn Bhd (PRW) has been awarded a contract for the provision of front-end engineering and design (FEED) services for offshore facilities in respect of the Sk410b Lang Lebah Development by PTTEP HK Offshore Limited (“PTTEP”).

The contract value of the award is for RM43.0 million.

PRW is 49%-owned by Ranhill Worley Sdn Bhd (RWSB), which is a 51%-owned subsidiary of Ranhill Utilities.

PRW is principally involved in the provision of engineering and design services of oil and gas facilities. The Company subsequently obtained the approval to release the announcement regarding the award from PTTEP on 12 Sept, 2022.

The SK410B field is one of PTTEP’s global key projects. Successful development of Lang Lebah supports PTTEP’s long-term growth strategy of developing high-quality world-class assets creating further stakeholder value.

PRW brings a unique and proven combination of relevant experience to help PTTEP meet these challenges, these include provisioning FEED that builds on existing concept and imparts learnings from PRW and RWSB’s similar offshore processing and wellhead platforms including high H2S and CO2 designs.

This in managed by a highly skilled and specialised FEED team including personnel with expertise from RWSB long with insight, lessons learned, and knowledge gained from development and operations of Unmanned CPP, including reliability improvement of systems and materials selection.

Ultimately PRW has a track record of success in developing FEED and Detailed Engineering of projects including capital cost estimates for PTTEP, Petronas and other top producers in the region.

PRW’s offering, for the duration of 8 months, for Lang Lebah capitalises on its integrated organisation. This includes inhouse multidiscipline engineering coupled with specialised services and subject matter experts. PRW provides a capable, skilled, and experienced local team, augmented with subject matter experts.

The management expressed: “It is anticipated that even with the most aggressive projections of renewable energy transition, there will still be need for hydrocarbons to be part of the energy mix. Therefore, moving forward, low carbon energy source such as gas and carbon capture will be a key part of global transition to the net zero carbon emissions.

RWSB is committed to working together with our customers to navigate their energy transition process to decarbonise the extraction of hydrocarbons. This award reinforces PRW and RWSB’s position as a leading provider of engineering and design services of oil and gas facilities in delivering sustainable tomorrow.”

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