The contract scope covers the engineering, procurement, and construction
of marginal field development platforms, including up to 11 wellhead platform
facilities. The contract was secured through a competitive bidding process.
According to an MHB filing with Bursa Malaysia on Tuesday,(3Mar) the
group will fabricate the 11 WHPs, each weighing about 1,500 to 2,000 tonnes, at
its yard in Pasir Gudang. On completion, the facilities will be installed
offshore Sarawak to support PTTEP’s field development plans.
The specific value of the contract was left undisclosed. Total revenue
will depend on the actual number of work orders issued by PTTEP over the
four-year duration of the deal.
“Not only does this project mark our first direct collaboration
together, but it also strengthens a strong partnership built on a shared
commitment to delivering high-quality offshore solutions in support of their
development plans,” said MHB managing director and CEO Mohd Nazir Mohd No