Tanjung Offshore bags EPIC contract from Petronas
- Business & Finance
Tanjung Offshore Berhad has been awarded a contract by Petronas Carigali for provision of engineering, procurement, installation and commissioning (EPIC) services in Malaysia.
The contract comprises the provision of EPIC of facilities for the ORIGInS Project that covers both Peninsular Malaysia and East Malaysia.
The ORIGInS Project (Operational Reliability & Integrity Gauging of Instrument based Safeguards) is an initiative from Petronas Carigali’s facilities offshore the Malaysian peninsula, Sarawak ,Sabah, to improve all automated safeguard items under the process shutdown system and fire & gas detection systems across Petronas Carigali’s upstream facilities, whether pneumatic, hydraulic of electronic-based by identifying potential deficiencies in these automated safeguards.
The contract is valued at approximately RM200 million ($61.6 million). The duration of the contract is for three years effective from 5 September 2014, with the option to extend for an additional year period until 5 September 2018.