Saturday, 8 November 2014

MMHE secures RM350mil oil and gas contracts

Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE) has secured two contracts worth close to RM350mil for offshore fabrication and other associated works for exploration and production projects in Peninsular Malaysia.

The first contract, the company said, was for the fabrication of well-head platform and its jacket, the connecting bridge and heavier jacket for the central processing platform for the North Malay Basin Bergading Complex.

For this project, MMHE said it would be the subcontractor for Hyundai Heavy Industries Co Ltd.

“The total weight of these structural components under MMHE’s work scope is about 14,800 tonnes and they are scheduled for delivery to the project’s ultimate client, Hess E&P Malaysia BV, by 2016.”

The complex is located offshore Peninsular Malaysia in water depths of between 55 metres and 60 metres, it said in a statement.

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

“With 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 about 70 metres.”

In the same statement, MMHE managing director and chief executive officer Dominique de Soras said the projects were awarded after competitive bidding among regional yards.

“Hence, the award of these projects is a reflection of MMHE’s improved competitiveness, thanks 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,” he said.