Malaysia’s state oil firm Petroliam Nasional (Petronas) has awarded a MYR10bn ($3.12bn) worth 13-package, five-year offshore hook-up, commissioning and maintenance services contract to six local service providers.
Petronas awarded the Pan Malaysia integrated hook-up and commissioning and topside major maintenance contract (Pan Malaysia integrated HUC & TMM contract) to Kencana, Dayang Enterprise, Petra Resources, PBJV, Carimin Engineering Services and Sigur Ros.
The contract, commencing in 2013, will run for a period of five years and involves the hook-up, commissioning and maintenance services for offshore facilities.
According to the company, the contract also includes all the necessary services such as manpower services, marine spread services, and tools and equipment that are needed for the execution of the respective work scopes.
The six contractors will be providing HUC and TMM services to nine Petronas’ production sharing contractors (PSC).
The PSCs include Petronas Carigali, Sarawak Shell Berhad & Sabah Shell Petroleum, ExxonMobil Exploration and Production Malaysia, Murphy Sarawak Oil, Hess Oil and Gas, Talisman (Malaysia), Newfield Peninsula Malaysia, and JX Nippon Oil and Gas Exploration (Malaysia).
Petronas petroleum management vice-president Ramlan Malek said: "The award of this major contract is Petronas’ acknowledgment of the capability of local service providers, including Bumiputera companies."
Said to be one of Petronas’ largest service contracts currently in place, the Pan Malaysia integrated HUC & TMM contract is part of the company’s efforts to further optimise project deliveries and offshore activities in terms of costs and schedule.
The contract is also said to drive and support the growth of capabilities among Malaysian service contractors.
Petronas claims that the contract’s long-term nature is expected to encourage the respective service contractors to invest in additional assets.
Image: Petronas offshore contract will run for a period of five years starting 2013. Photo: courtesy of num_skyman / FreeDigitalPhotos.net