MHB to Handle Petronas Offshore Structures
Specialist contractor Malaysia Marine and Heavy Engineering Holdings, or MHB, has signed a framework agreement with oil major Petronas for the provision of offshore structure works.
The agreement covers engineering, procurement and construction over a period of six years and will involve breakbulk transport for Petronas’ fixed offshore structures.
“We are honored to be chosen to continue supporting Petronas’ offshore initiatives. This award is a reflection of continued trust in our ability to execute projects and to deliver the desired results. Our aim is to deliver all projects efficiently, without compromising on safety and quality,” said Wan Mashitah Wan Abdullah Sani, CEO of MHB.
Structures Exceed 7,500 Tonnes
Work will be carried out by a wholly owned subsidiary of MHC and consists of two separate packages.
The first of these will comprise handling of structures with weight exceeding 7,500 tonnes, requiring significant breakbulk expertise. The second package will involve transport of smaller fixed offshore structures of less than 7,500 tonnes.
“The agreements for the two packages are valid for 6 years and are on "a mini-bidding basis, applicable to projects being managed under Petronas’ Petroleum Agreement Contractors and covers all oil and gas blocks within Malaysia,” Sani added.
RAPID Startup Begins
This year is expected to see the startup of the giant US$28 billion Pengerang refinery and petrochemical integrated development, or RAPID, by joint owners Saudi Aramco-Petronas.
The facility has been a major driver for breakbulk demand in recent years during the construction phase, and commissioning activities have now begun. Once fully online the complex is expected to act as a major driver for the country’s crude distillation capacity.
Malaysia has estimated proven oil reserves of 3.6 billion barrels, according to the Oil & Gas Journal, the fourth-highest reserves in Asia-Pacific after China, India and Vietnam, with the majority of Malaysia’s oil wealth coming from offshore fields.
Photo: RAPID. Credit: Wikimedia