Kuala Lumpur: Malaysian oil and gas engineering specialist, Caramin Petroleum, has announced that subsidiary Caramin Engineering Services has entered into a collaboration agreement with Saudi-based Makanin Offshore and UAE-based Petro Allied International to combine resources in the areas of hook-up and commissioning, topside, subsea services, vessel chartering and manpower supply.
The collaboration was signed on Friday, but announced today, and covers Saudi Arabia, the Middle East region and South East Asia.
Carimin Engineering says that it will combine the experience it has in the offshore services covered in the agreement, with the presence of Makamin and Petro Allied in the region and their experience with business development of oil & gas opportunities.
The trio also said they will look strategically to build and develop strong relationship with other offshore oil and gas service providers for the benefit of expanding into offshore pipeline installation and replacement; engineering, procurement, and construction projects; as well as the construction of marine and port projects.
Additionally, the companies said that will explore further in-depth business collaboration including joint venture companies and even a future merger and acquisition.