Kencana, Dayang, Petra units, 3 others win Petronas RM10b jobs

Business & Markets 2013
Written by Surin Murugiah of theedgemalaysia.com
Friday, 15 November 2013 11:38
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KUALA LUMPUR (Nov 15): National oil firm Petronas Nasional Bhd (Petronas)
has awarded a major 13-package, five-year offshore hook-up, commissioning
and maintenance services contract with a total work value of about RM10 billion
to six local service providers.
In a statement Friday, Petronas said the Pan Malaysia Integrated Hook-Up &
Commissioning and Topside Major Maintenance Contract (Pan Malaysia
Integrated HUC & TMM Contract) was awarded to Kencana HL Sdn Bhd,
Dayang Enterprise Sdn Bhd, Petra Resources Sdn Bhd, PBJV Sdn Bhd, Carimin
Engineering Services Sdn Bhd and Sigur Ros Sdn Bhd for a period of five years
commencing from 2013.
It said the contract involves the hook-up & commissioning and maintenance
services for offshore facilities and includes all the necessary services — such as
manpower services, marine spread services, and tools and equipment —
required for the execution of the respective work scopes.
Petronas said the six contractors would be providing HUC and TMM services to
nine Petronas’ Production Sharing Contractors, namely Petronas Carigali Sdn
Bhd, Sarawak Shell Berhad & Sabah Shell Petroleum Co. Ltd., ExxonMobil
Exploration and Production Malaysia Inc., Murphy Sarawak Oil Co. Ltd., Hess Oil
and Gas Sdn Bhd, Talisman (Malaysia) Ltd., Newfield Peninsula Malaysia Inc.,
and JX Nippon Oil & Gas Exploration (Malaysia) Ltd.
Petronas Vice President of Petroleum Management Ramlan A. Malek said the
award of this major contract was Petronas’ acknowledgment of the capability of
local service providers, including Bumiputera companies.
Petronas said it was committed to providing business opportunities to such
companies, and this Pan Malaysia initiative was one such example of its
continuous effort toward this in Malaysia’s upstream services industry.
The Pan Malaysia Integrated HUC & TMM Contract is one of Petronas’ largest
service contracts currently in place.
“It is part of Petronas’ continuous efforts to further optimise project deliveries
and offshore activities in terms of costs and schedule while at the same time
drive and support the growth of capabilities among Malaysian service contractors.
“The long-term nature of the contract not only provides for better economies of scale for Petronas but is also expected to encourage the
respective service contractors to invest in additional assets and allow for better retention and development of experienced workforce,” said
the national oil firm.

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