Exxon Mobil awards RM165m contract to MMHE

Exxon Mobil Corporation's subsidiary has awarded a RM165mil contract to Malaysia Marine and Heavy Engineering Sdn Bhd to build the facilities for the Damar gas development project.

It said on Thursday the contract awarded by ExxonMobil Exploration and Production Malaysia Inc. would require MMHE to build the topsides and platform jacket for the project.

Damar is one of several investments that would enable ExxonMobil and Petronas Carigali Sdn Bhd to develop natural gas assets.

The Damar project is about 200km off the east coast of Peninsular Malaysia in 55 metres of water.

The project follows the previously announced Telok gas project, which ExxonMobil is developing for startup in the first quarter of 2013.

The Damar project consists of one four-legged gas satellite platform.

Installation of facilities is planned to start in the third quarter of 2013 and startup is targeted for later in the year.