KUALA LUMPUR: Malaysia Marine and Heavy Engineering Holdings Bhd's (MHB) wholly-owned subsidiary, Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE), have secured an RM1.4 billion contract from Carigali-PTTEPI Operating Company Sdn Bhd (CPOC).
The contract is to provide engineering, procurement, construction and installation (EPCI) of five wellhead platforms, five subsea pipelines, and host tie-in 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).
The contract scope involves constructing five wellhead platforms weighing an average of 2,000 metric tonnes (MT), including the works on associated subsea pipelines and telecommunication upgrades.
Once completed, the platforms will be installed in a water depth ranging between 55 metres and 65 metres, in the area under B-17-01 of the south of the Gulf of Thailand, off the coast of Thailand and Malaysia.
MHB managing director and chief executive officer Pandai Othman this award is a testament to the company's proven and trusted 50-year track record, fortifying strong technical expertise and ability to deliver.
"This project was competitively tendered among several prominent regional players.
"Our drive to offer the best technical and commercial package whilst ensuring that we meet all our client's expectations were key to our success in winning this award.
"This is our third major win 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 Petroliam Nasional Bhd, respectively.
Pandai said these new developments signify the recovery of the oil and gas industry in the region after a period of slowdown due to the pandemic.
"We are prepared for a busy time ahead for the industry by reactivating the East Yard as the prompt and ready response for upcoming demand."
Pandai also said that to provide optimum solutions to its clients, MHB continues to upskill and solidify its presence as one of the best oil and gas service providers in the region, backed by the latest technological advancements in digitalisation and automation.
"We are honoured to be entrusted with such a significant project from CPOC and to contribute to the success of lasting diplomatic ties between Thailand and Malaysia," he added.