Carimin in new collaboration deal
- Business & Finance
Carimin Petroleum Berhad’s subsidiary, Carimin Engineering, has on April 24, 2015 entered into collaboration agreements with Makamin Offshore Saudi Ltd. Company (MOS) and Petro Allied International (PAI).
The companies entered the collaboration agreement in order to combine their resources and expertise to pursue selective opportunities involving hook-up and commissioning (HUC), topside, subsea services, vessel chartering and manpower supply services in Saudi Arabia, the Middle East & the South East Asia region.
According to Carimin’s Bursa Malaysia filing, Carimin Engineering has experience and expertise on hook-up and commissioning (HUC), topside major maintenance (TMM), subsea services, marine vessels chartering and manpower supply services in the oil and gas platforms in Malaysia, whereas MOS and PAI have presence and have been predominantly focusing in business development of oil & gas opportunities in the Kingdom of Saudi Arabia and the Middle East regions respectively.
MOS business presence is in the Kingdom of Saudi Arabia whereas PAI business presence is in the Middle East region (excluding Saudi Arabia), South East Asia including Australia.
Terms of collaboration agreement
According to the agreement, Carimin Engineering will support MOS and PAI in the promotion and marketing of their services and capabilities to potential customers in the regions respectively for the following offshore and marine activities namely HUC, TMM, Subsea services including inspection, repair & maintenance; Chartering of marine vessels in particular Accommodation Workboat (AWB) and Anchor Handling Tug Supply (AHTS), as well as the provision of manpower supply.
Furthermore, Carimin Engineering will provide the full technical and operational expertise & support including project management expertise, experience, know-how and will complement with the data, track record analysis, performances, information, resources and manpower.
The companies will focus their collaboration activities on: Offshore Pipeline Installation and Replacement; Engineering, Procurement, and Construction projects; and Construction of Marine and Port Projects.
The collaboration agreement becomes effective on April 30, 2015 and it will last for one year with a possibility for extension.
Offshore Energy Today Staff