MEO Australia teams up with Malaysian shipyard

MEO Australia teams up with Malaysian shipyard

Melbourne: MEO Australia and Malaysian based Brooke Dockyard & Engineering Work Corporation have signed an agreement to form a consortium to cooperate to identify and jointly bid on oil and gas exploration and development opportunities within Sarawak and the whole of Malaysia.

Under the agreement, MEO will provide technical assistance and opportunity evaluation assistance to Brooke and in return Brooke will fund the evaluation activities and the exploration component of joint bids for successfully screened opportunities that meet the collective criteria of the partners. For the initial opportunity to be considered under the agreement, Brooke will have a 75% participating interest and MEO a 25% participating interest.

“Brooke will bring strong local Malaysian content to MEO having access to local fabrication and construction capability, for both onshore and offshore facilities,” MEO said in a release.

The parties have also agreed to work together in a suitable framework to develop and operate oil and gas prospects to the mutual benefit of their stakeholders, shareholders, local community and people of Sarawak.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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