MHB in EPCC deal for Petronas’ wellhead platform
- Business & Finance
Malaysia Marine and Heavy Engineering Holdings Berhad (MHB) has secured contracts worth RM 527 million ($122.5M) including a contract with Petronas.
The contracts were secured through MHB’s wholly owned subsidiary, Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE).
The first contract entails the engineering, procurement, construction and commissioning (EPCC) of the WHP topside and jacket, telecommunication and instrumentation system tie-ins of the new F12 platform and telecommunication and instrumentation system tie-ins modification of the existing platform.
The F12 facilities are located in the Kumang Cluster gas fields, 180km north-west of Bintulu, Sarawak in a water depth of 101m. MHB says that the project, which was awarded by Petronas, is scheduled for delivery within 12 months of the signing of the Letter Of Award.
Earlier in August, MHB had secured two contracts for the RAPID project from Toyo Engineering Corporation. The first involves centralised piping fabrication for the Package-5 steam cracker complex. The primary fabrication work is expected to end in December 2016 and the overall completion in April 2017. The subsequent contract is the piping and steel structure work for a steam cracker complex at the refinery of gas (RoG) area.
For the fourth contract, MHB, in a consortium with China Huanqiu Contracting & Engineering Corporation (HQC), has been awarded the electro-mechanical works for RAPID Package-3. The project is inclusive of pipe rack, flare tower, mechanical, piping electrical & instrument and insulation. The contract was awarded by Technicas Reunidas and is expected to start in January 2016 and complete in July 2017.
MHB has also been awarded another RAPID subcontract work by Punj Lloyd Sdn Bhd for RAPID Package- 22. The scope of work involves plate structure prefabrication, fabrication, painting, rolling and blasting. The contract is expected to start in December 2015 and complete in December 2016.
MHB Managing Director and Chief Executive Officer, Tuan Haji Abu Fitri Abdul Jalil said, “We are doing our level best to continue replenishing our work order. With these latest contracts, MHB has now secured an estimated RM975 million worth of projects for the year to-date.”