MMHE Eyes Partnership

Monday, October 02, 2006

According to Business Times, Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE), a wholly-owned unit of MISC Bhd, is seeking to collaborate with other shipyards in the country in the construction of deepwater facilities for the oil and gas industry. MMHE managing director and chief executive officer Wan Yusoff Wan Hamat said the company is making contacts with local shipyards. He did not identify the shipyards, but indicated that collaborations will be in deepwater projects in line with the company's target to become the region's centre of excellence for deepwater support services and maritime repairs. Recent discoveries of deep-sea wells have pushed up demand for offshore facilities such as production platforms, semi-submersible rigs and drilling rigs. Malaysia alone is reportedly planning to develop about 10 deepwater fields in the next several years. Source: Business Times