MHB’s subsidiary Malaysia Marine and Heavy Engineering has secured a four-year award from Thailand’s oil and gas player PTTEP for offshore work tied to Sarawak.
The scope covers engineering, procurement and construction for marginal field development facilities, with the package allowing for as many as 11 wellhead platform (WHP) structures. MHB said the deal was won through a competitive tender.
In a Tuesday filing to Bursa Malaysia, the group said fabrication will be carried out at its Pasir Gudang yard. The WHPs are expected to weigh about 1,500–2,000 tonnes each. After completion, the units will be installed offshore Sarawak to support PTTEP’s field development programme.
The contract price was not disclosed. MHB said revenue over the four-year period will be determined by the number of work orders that PTTEP ultimately issues.
MHB managing director and CEO Mohd Nazir Mohd Nor said the project is the parties’ first direct collaboration and is intended to strengthen ties focused on delivering offshore solutions for PTTEP’s development plans.