KKB wins Kinabalu award from Talisman
- Business & Finance
KKB Engineering’s associate company, OceanMight Sdn. Bhd. (OMSB), has received a Letter of Award from Talisman Malaysia Limited for the Engineering, Procurement and Construction (EPC) of Wellhead Platform for Kinabalu Redevelopment Project, offshore Malaysia.
In addition, KKB has received a Notification of Tender Award from Syarikat SESCO Berhad (SESCO) for the annual supply & delivery of steel products and a Letter of Award from Sarawak Energy Berhad for the supply, delivery, erection, commissioning of one unit of 1000 tonne fuel storage tank inclusive of pipings & fittings (Lawas Power Station) respectively.
Regarding the Talisman award, KKB said it is conditional upon the approval of the Field Development Plan (FDP) by the relevant authority and completion of the Detailed Design Engineering Work.
According to KKB, the total estimated amount for the combined Talisman, SESCO & Sarawak Energy projects is approximately worth RM171.1 million ($39.7 million).
The completion date for Talisman is scheduled within the second quarter of 2017, for SESCO, it is scheduled within the third quarter of 2016 and for Sarawak Energy it is scheduled within the first quarter of 2016.
KKB added that all three awards are subject to a formal contract, final terms and conditions, to be entered into between both parties.