Kuala Lumpur: Malaysia Marine and Heavy Engineering Holdings Berhad (MHB) has announced that subsidiary, Malaysia Marine and Heavy Engineering (MMHE), has won RM324m ($86.3m) worth of new contracts.
The first contract is for the fabrication of substructures and bridge for the Baronia CPP-B project, for the Integrated Baram Delta Gas Gathering II and Baronia enhanced oil recovery project offshore East Malaysia. MHB is the subcontractor for Hyundai Heavy, with Petronas Carigali the end user.
MHB has also been confirmed as the contractor for Petronas Carigali’s facilities improvement project package C for Peninsular Malaysia offshore operations. MHB will provide facilities improvement work that entails hook up and commissioning, major construction such as topside modification, structural and mechanical retrofit and other related works and services. The contract is for two years commencing June 2015 with a possible one-year option.
Another contact secured is for a repair life extension project and dry-docking for two LNG carrier vessels for MISC, the Puteri Intan (73,519dwt, built 1994) and Puteri Delima (73,519dwt, built 1995). The scope of work involves reinforcement work, retrofitting and boiler repair with both vessels scheduled to arrive in June.
Lastly, MHB has secured a contract for the conversion of a vessel into an FSO facility for E.A. Technique. The vessel is due to arrive at the yard in July, with a planned completion in June 2016. Upon delivery, the FSO Nautica Bergading will be deployed in the North Malay.
MHB managing director and CEO, Tuan Haji Abu Fitri Abdul Jalil, commented, “We are making good progress in replenishing our work order. MHB has now secured close to RM400 million worth of projects for the year to-date. We are reasonably optimistic of building up our order book and are actively bidding for a number of sanctioned projects domestically and internationally”.