Malaysian players win big from latest Petronas contracts


Dateline 2013-11-19, Seatrade Global

The recent award of contracts for a massive block of 13 work package from Petronas to six local companies to some extent signals the coming of age of the Malaysian offshore services industry.

The hook-up and offshore platform maintenance contracts worth a combined MYR10bn ($3.1bn) over five years, is one of Petronas’ largest service contracts currently in place, CIMB Research oil and gas (O&G) analyst Norziana Mohd Inon was quoted as saying.

Petronas said earlier this week that the contract involved the hook-up and commissioning and maintenance services for offshore facilities and included all the necessary services, such as manpower services, marine spread services, and tools and equipment required for the execution of the respective work scopes.

…

This entry was posted on Wednesday, January 15th, 2014 at 6:00 am and is filed under Malaysia, oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a comment