SapuraCrest, Ramunia Awarded Contracts
Two oil and gas players, SapuraCrest Petroleum Bhd and Ramunia Holdings Bhd, announced major contracts related to the industry worth $120 million and $24 million respectively. SapuraCrest said its 51%-owned unit Tioman Drilling Co Sdn Bhd had been awarded a contract from Carigali-Triton Operating Co Sdn Bhd (CTOC) for the provision of two drilling units– Teknik Berkat and a new mobile drilling vessel, known as T-10 – to CTOC. Tioman is a joint venture between SapuraCrest and Norway's Smedvig group. SapuraCrest, through its 51%-owned subsidiary Crest Tender Rigs Pte Ltd, has awarded a contract worth $48.8 million to Malaysia Marine and Heavy Engineering Sdn Bhd to construct T-10.
MISC Proposes $973m Deal for Ramunia
MISChas proposed a $973m deal to merge its shipbuilding business with Ramunia Holdings, an oil services company. The merger would expand MISC’s plans to create a regional business building oil rigs to compete against neighbouring Singapore, which is the world’s largest producer of offshore energy platforms. The deal would be a reverse takeover that could allow MISC to list its Malaysia Marine and Heavy Engineering unit under the Ramunia name in hopes of copying the success of Keppel Corp and SembCorp Industries, Singapore’s biggest oil rig builders, which saw a sharp rise in their shares last year due to higher oil prices. However, the…
Malikai TLP Float-Off in Malaysia
InterMoor completed its involvement in the Shell Malikai Tension Leg Platform (TLP) float-off operations. The TLP was loaded onto the Dockwise Heavy Lift Vessel White Marlin at Malaysia Marine and Heavy Engineering (MMHE) shipyard in Pasir Gudang, Malaysia, and transported to a float-off location in the Singapore Straits. Contracted by TMJV, a joint venture between Technip and MMHE Shipyard, InterMoor Pte was responsible for the marine aspects of the float-off and tow of Shell’s…
IE Profits from Offshore Focus
As Intelligent Engineering (IE) prepares to carry out another drilling rig repair using its SPS Overlay technology in the reinstatement of the pipe-rack deck on board the Pride South Atlantic, a semi-submersible unit belonging to Pride International, the company's recent focus on the offshore sector is clearly paying dividends. Work on board the Pride South Atlantic, commencing in early July, is the latest in a series of new offshore contracts and will involve the reinstatement of a 490 sq. m. deck area to be carried out at the Maua Jurong facility in Niteroi, close to Rio de Janeiro in Brazil. Denis Welch. "One, a significant percentage of the world's mobile offshore drilling units (MODUs) are 20 years old or more and require steel upgrades and reinstatements.
Singapore, Indonesia, Malaysia sign MOU for Joint Hydrographic Survey
To demonstrate multilateral cooperation between littoral states and stakeholders to improve navigational safety in the Straits of Malacca and Singapore (SOMS), Phase Two of a Joint Hydrographic Survey was formally launched via a Memorandum of Understanding (MOU) signed today at the 10th Co-operation Forum held from 2nd to 3rd October 2017 at Kota Kinabalu, Malaysia. Besides the littoral states, the survey is supported by the Malacca Strait Council (MSC) of Japan. Phase Two, which is a continuation from Phase One…
MMHE Eyes Partnership
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.
Malaysian Shipyards Play Catch-up
Thanks to a booming global shipping industry, Malaysian shipyards are working overtime, mostly to meet backlog orders that could stretch well into 2008. The biggest player, Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE), has a backlog orders, which will keep it busy until the middle of 2008. Then there's mid-size Muhibbah Marine Engineering Sdn Bhd, with an order book of RM130 million that will last until early 2008. But a look at today's marine construction order book reveals that Malaysian shipbuilders have not managed to keep up with the other major regional players. According to Muhibbah Marine shipyard general manager Ooi Kien Chuan, Singapore has had a head start over Malaysia as far as shipbuilding and marine engineering market share is concerned.
MMHE Now Has LNG Drydocking And Refurbishment Capability
Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE), a wholly-owned subsidiary of MISC Bhd, has successfully completed a post gas trial inspection and final docking works on a liquefied natural gas (LNG) tanker at its shipyard in Pasir Gudang. The success was the first to have been achieved by a Malaysian shipyard and was capped with the naming ceremony of the LNG tanker Seri Anggun at the shipyard, also another first in the country. The company said only a few shipyards in this region today have the capability to carry out LNG tanker drydocking and refurbishment, and that capability is now available in Malaysia. MMHE recently completed the fabrication of the hull and mooring system of the Truss Spar Deepwater Floating Production Platform for the Kikeh oil field offshore Sabah…
MMHE Develops as Deepwater Center
MALAYSIA Marine and Heavy Engineering Sdn Bhd’s (MMHE) recent commission to construct a semisubmersible vessel for the Gemusut deepwater facility will equip the company with the last capability it needs to be a full-fledged deepwater center, according to a report on www.btimes.com.my. “Kikeh was the first, where we saw the spar technology transfer from Finland, so now we can build a spar anytime.” “So from Gemusut, once we do the semisub we will have semisub capabilities and once we have that we can do anything in deep water,” MMHE marketing and sales general manager Manoel Gomes told reporters, according to www.btimes.com.my. MMHE plans to cut steel in January 2007 and deliver it by June 2010.
Fabricators in Danger of Losing Out on Oil Rig Boom
According to the Edge Daily, Malaysia oil rig fabricators need to upgrade their services and technology or lose out on fast-growing global demand for shallow, deep-water and ultra-deep oil rigs, an industry researcher said. The industry estimates expect some 15 new rigs and 70 platforms to be installed in the next five years alone to cater to the Malaysian deepwater sector, according to Maritime Institute of Malaysia (MIMA) research. The major local players are MISC Bhd subsidiary Malaysia Marine & Heavy Engineering Sdn Bhd (MMHE), Sime Darby Bhd subsidiary Sime Darby Engineering Sdn Bhd, Muhibbah Engineering (M) Bhd and Ramunia Holdings Bhd. Source: The Edge Daily
Malaysia Deepwater Project Contract for Technip J/V
Technip in a Joint Venture with MMHE awarded substantial contract for the Malikai Project in Malaysia. Technip in a joint venture with Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE) has been awarded a substantial contract by Sabah Shell Petroleum Company Ltd (SSPC) for the engineering, procurement and construction of a tension leg platform (TLP) for the TLP Malikai Deepwater Project. This TLP will be designed as a fully-manned platform to be installed 110 kilometers offshore Sabah, Malaysia, at a water depth of approximately 500 meters. It will weigh approximately 26,000 metric tonnes incorporating a topsides, which will have facilities to process 60,000 barrels of oil and 1.4 million cubic meters per day of gas, and a hull. The tendons will be fabricated in the U.S.