Alam Maritim Resources Berhad has received a letter of award from Malaysia’s national oil company Petronas for a pipeline extension project in Malaysia.
Namely, Alam Maritim will provide engineering, procurement, construction, installation and commissioning (EPCIC) services for a 10 inch X 1km pipeline for the Terengganu Crude Oil Terminal. Terengganu condensate is produced offshore in South China Sea, East of Peninsular Malaysia.
According to Alam Maritim’s Bursa Malaysia filing on Tuesday, the contract value is approximately RM26 million ($6.1M). The effective date of the contract is October 8, 2015.
Physical execution is expected in March 2016, while the work is expected to be completed by the end of June 2016.
Offshore Energy Today Staff