ENRA Group is preparing to pursue a floating storage and offloading (FSO) project in Southeast Asia through a bidding partnership with China Offshore Engineering & Technology Co., Ltd.
The Malaysian group said its indirect wholly owned subsidiary, Hexagon Energy Logistics, entered into a pre-joint bidding cooperation agreement with China Offshore on 7 September 2026.
Under the agreement, the two companies will work exclusively together to prepare and submit a bid once the formal tender process begins.
The proposed cooperation brings together Hexagon Energy Logistics’ experience in FSO operations and China Offshore’s capabilities in vessel construction and commissioning.
The companies will determine the detailed scope of work, pricing and their respective responsibilities after receiving the official tender documents. Any agreed terms will then be covered by a separate definitive agreement.
The arrangement is preliminary and largely non-binding. Neither company is required under the agreement to submit a bid, enter into a definitive agreement or proceed with a transaction.
The cooperation will remain in place until a definitive agreement is signed, the proposed project is cancelled or the parties mutually agree to end the arrangement.
ENRA Group did not identify the client, disclose the location of the proposed FSO project within Southeast Asia or provide a potential contract value.
ENRA president and group chief executive Tan Sri Kamaluddin Abdullah said the agreement provides a framework for the companies to assess how their respective capabilities could be combined for the potential project.
