Malaysia Marine and Heavy Engineering (MMHE) has won a RM1bn ($227m) contract from Petronas for the construction of an offshore platform.
The contract involves the engineering, procurement, construction, installation and commissioning (EPCIC) of an offshore central processing platform for the energy giant’s Bokor Phase 3 re-development project.
The project is scheduled to commence in the third quarter of 2018 and the platform will be installed at Bokor field in Baram Delta, offshore Sarawak, upon completion in the second quarter of 2020.
“This project was awarded after going through a competitive bidding process. Hence, the award of this project is a reflection of MHB’s improved competitiveness, thanks to a number of implemented cost cutting strategies, efficiency initiatives, combined with strong management focus on the heavy engineering business,” Malaysia Marine and Heavy Engineering said in a release.