Mustang Establishes Malaysian JV Company with Sime Darby
- Business & Finance
Mustang, a Wood Group Company, and Sime Darby’s Energy & Utilities Division have entered into a joint-venture to form a new company called Mustang Sime Darby.
The new company will provide project management, design and procurement support services for the Southeast Asian oil & gas industry from its regional hub in Kuala Lumpur and expand Mustang’s global presence in the Southeast Asia region.
Sime Darby Energy & Utilities is part of the Sime Darby Group, a major Malaysian conglomerate with businesses serving the plantation, industrial, automotive, property, energy & utilities and healthcare industries throughout Asia. Sime Darby Energy & Utilities’ core businesses are oil & gas, engineering services, water management, ports & logistics, and power. It has a global workforce of over 6,000 people throughout Malaysia, Singapore, Thailand, China and Qatar.
The Oil & Gas business unit is led by Sime Darby Engineering, with core competencies in engineering, procurement, construction and commissioning (EPCC). It operates a combined yard space of 298 acres – one of the largest fabrication yards in the region, with an annual production capacity of 140,000MT per annum.
Mustang is one of the world’s leading oil & gas engineering and project management companies, providing project management, conceptual and detailed engineering, and construction management services. Mustang brings a track record of successful worldwide deepwater project delivery as well as large, complex onshore oil & gas, refining, and petrochemical projects.
A.J. Cortez, Mustang executive vice president, said: “Mustang is excited about its new venture with Sime Darby. Mustang’s project management and engineering experience, combined with Sime Darby’s full-service capabilities, skilled workforce and strong reputation in the region will allow us to enhance our offerings in the exciting oil and gas market in Southeast Asia.”
Dato’ Ir. Jauhari Hamidi, Sime Darby Energy & Utilities Division Executive Vice President (Non-China Operations) said the complementary strengths and capabilities of Mustang and Sime Darby will help to ensure that the partnership will be a successful one. “The joint venture will enhance Sime Darby’s portfolio of services to provide a very impressive and full service offering to the industry and we look forward to progressing further opportunities with Mustang in the Southeast Asia region,” he added.
Mustang provides services to the global oil, gas, chemical and manufacturing industries, specializing in design, engineering, procurement, project management and construction management and offers these services through its five business units: upstream oil and gas, pipeline, automation and control, refining and petrochemicals, and process & industrial. Mustang, a Wood Group company, has offices in the United States, United Kingdom, India, Malaysia, and the Middle East. For more information, visit www.mustangeng.com.
Wood Group (John Wood Group PLC) is an international energy services company with approximately $5.0 bn sales, employing approximately 29,000 people worldwide and operating in 50 countries. The Group has three businesses—Engineering & Production Facilities, Well Support, and Gas Turbine Services—providing a range of engineering, production support, maintenance management and industrial gas turbine overhaul and repair services to the oil & gas, and power generation industries worldwide.
Source:Woodgroup, January 26, 2011;