Malaysia Marine and Heavy Engineering Holdings Berhad via its wholly owned subsidiary, Malaysia Marine and Heavy Engineering Sdn Bhd has secured a contract from Carigali-PTTEPI Operating Company Sdn Bhd with an approximate value of RM 1.4 billion.
The contract is to undertake the provision of engineering, procurement, construction & installation (EPCI) of five wellhead platforms, five subsea pipelines and host tie-ins works. The EPCI contract is for the Joint Development Area (JDA) Field Development Project (Phase 6) located in the Malaysia-Thailand Joint Development Area (MTJDA).
Once completed, the platforms will be installed in a water depth ranging between 55m and 65m, in the area under B-17-01 of the south of the Gulf of Thailand, off the coast of Thailand and Malaysia.
On securing the contract, Pandai Othman, Managing Director and Chief Executive Officer of MHB said, “This award is a testament to our proven and trusted 50-year track record, fortifying our strong technical expertise and our ability to deliver. This project was competitively tendered among a number of prominent regional players.
This will be the third major win for the group after having won two projects within the last one-year period namely, the Rosmari-Marjoram and Kasawari Carbon Capture & Storage (CCS) projects from Shell and PETRONAS respectively. These new developments signify the recovery of the oil & gas industry in the region after a period of slowdown due to the pandemic.
