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Scomi Energy plans crane biz foray via JV with Handal

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Scomi Energy plans crane biz foray via JV with Handal Empty Scomi Energy plans crane biz foray via JV with Handal

Post by Cals Thu 23 Jan 2014, 18:36

Scomi Energy plans crane biz foray via JV with Handal
Business & Markets 2014
Written by Chong Jin Hun of theedgemalaysia.com   
Thursday, 23 January 2014 15:15

KUALA LUMPUR (Jan 23): Scomi Energy Services Bhd may venture into the offshore pedestal crane business via a planned collaboration with Handal Resources Bhd.

In a statement today, Scomi Energy CEO Shah Hakim Zain said the oil and gas support services provider has signed a memorandum of agreement (MOA) with Handal which manufacturers cranes.

Shah Hakim said the MOA allows Scomi "to explore opportunities for collaboration with integrated offshore crane services provider and fabricator Handal Resources Berhad to supply modular workover rig, offshore pedestal cranes and related operations, repair and maintenance  services to oilfields in Africa and the Middle East."

"Under the memorandum of agreement signed, both parties will formalise working arrangements in relation to the proposed collaboration within the next six months," he said.
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