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Wednesday, 3 April 2019

Alam Maritim secures offshore pipeline project from Vestigo

Alam Maritim Resources Bhd has secured a pipeline contract for the Tembikai Non Associated Gas (TNAG) development worth US$59 million (RM240.76 million) from Vestigo Petroleum Sdn Bhd.


The TNAG pipeline system will be installed from the new TNAG unmanned wellhead platform via a 60km, 12-inch pipeline and fibre optic control cable, the support service provider noted in an exchange filing yesterday.

The rigid pipeline will be the first in offshore Malaysia installed using mechanical connectors — specifically, the NOV Tuboscope Zap-Lok connection — and tied to existing processing facilities on the Berantai FPSO (floating, production, storage and offloading vessel) and the wellhead platform with flexible risers connected to the rigid pipeline with diverless connections.

The contract commenced on March 5, 2019, and is targeted for completion in the fourth quarter of the year, Alam Maritim's filing stated.