KUALA LUMPUR – PETRONAS Carigali Sdn Bhd has awarded a RM212 million EPC contract to OceanMight Sdn Bhd, a 60.81%-owned subsidiary of KKB Engineering Bhd, for an offshore platform and associated works tied to the greenfield Belud South development off Sabah. The contract value is equivalent to $52 million.
The award, which KKB Engineering Bhd describes as a minor EPC contract, was disclosed in a filing to the Malaysian stock exchange on Friday.
Under the scope of work, OceanMight Sdn Bhd is responsible for EPC delivery of a fixed offshore platform and for host tie-in activities at the Erb West field. These tasks form part of the greenfield Belud South development offshore Sabah.
The contract period is 13 months, starting on 15 January 2026, and the project is scheduled for completion within that timeframe. A detailed agreement is to be signed in due course following the letter of award from PETRONAS Carigali Sdn Bhd.
The Belud South work adds to OceanMight Sdn Bhd’s track record as an experienced EPC contractor. The company’s recent portfolio includes a flare structure package for the Kasawari project, along with pile fabrication and jacket loadout activities for the Jerun A CPP.
