Sapura Energy Nets Multiple New Contracts

May 24, Another company still in the running from the initial 20 or so bidders is privately held Pioneer Engineering Sdn Bhd, according to some of the sources. Petronas is expected to split the MCM contracts into six packages with a five-year duration. News reports say the largest contract is worth RM1. It has been speculated that Dayang is the incumbent for the Sarawak portion and stands a good chance of bagging the job. The shortlisted companies Dayang has an order book of about RM3 billion, which should keep it busy until next year, and a strong tender book of about RM4 billion. For its financial year ended December , Dayang posted a net profit of RM It had cash and cash equivalents of RM Its long and short-term debt commitments stood at RM1. Last Thursday, Dayang closed at RM1.

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Carimin Wins Petronas Spot Charter

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PBJV Group Sdn. Bhd. provides upstream services for the oil and gas industry. PBJV Group offers pipeline, offshore transportation and installation, topside maintenance and hook-up commissioning, EPCC onshore pipeline and construction, underwater, and .

In Malaysia, Sapura Offshore has been awarded contracts to undertake the scope of work in relation to the Pan Malaysia transportation and installation of offshore facilities for Petronas and Sarawak Shell Berhad. The work comprises transportation and installation of offshore facilities including platform, structures and pipelines and its associated works. The work will be executed throughout , the company informed. The scope includes work related to topside structural maintenance, hook up and commissioning, and facilities improvement program.

The contract is a call-out contract where works will be carried out according to work orders issued by PCSB. According to the company, the duration of the contract will be for a primary period of five years, expiring in September , with one year extension option. The work comprises onshore preparation and handling, onshore pre-fabrication works, offshore installation and hook-up, inspection, testing and pre-commissioning of structural members and supports, piping, instrument and electrical equipment on existing and new production and processing platforms and facilities.

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The deals, awarded under the Pan Malaysia Integrated Hook-Up & Commissioning and Topside Major Maintenance Contract, mark one of Petronas’ largest service contracts currently in place as it seeks to drive and support growth among local companies.

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