Wednesday, November 20, 2013

Petronas Awarded RM10 Billion Contract To Six Firms

Petronas has awarded a major 13-package, five-year offshore hook-up, commissioning and maintenance services contract with a total work value of about RM10 billion to six local providers.
The Pan Malaysia Integrated Hook-Up and Commissioning and Topside Major Maintenance Contract was awarded to Kencana HL Sdn Bhd, Dayang Enterprise Sdn Bhd, Petra Resources Sdn Bhd, PBVJ Sdn Bhd, Carimin Engineering Services Sdn Bhd and Sigur Ros Sdn Bhd for five years beginning this year.
The contract involves hook-up, commissioning, maintenance services for offshore facilities and manpower requirements for the execution of the respective work scope.
“The award of this major contract is Petronas’ acknowledgment of the capability of local service providers, including Bumiputera companies,” said Petronas vice president of Petroleum Management, Ramlan A Malek in a statement yesterday.
The six contractors will be providing hook-up and commissioning and topside major maintenance services to nine Petronas production sharing contractors, including Petronas Carigali Sdn Bhd, Sarawak Shell Bhd, Sabah Shell Petroleum Co Ltd and ExxonMobil Exploration and Production Malaysia Inc.
The Pan Malaysia Integrated Hook-Up and Commissioning and Topside Major Maintenance Contract is one of Petronas’ largest service contracts currently in place. It is part of Petronas’ continuous efforts to further optimise project deliveries and offshore activities in terms of costs and schedule while at the same time drive and support the growth of capabilities among Malaysian service contractors.
Source: Bernama

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