is operating a joint venture between Technip and Petronas in the construction and linkage of a high-tech platform, the Magtymguly Collector Riser (MCR-A), offshore Turkmenistan.
For the support of the JV companys business, MMHE and EPIC have purchased a 5,000-tonne floating dock from South Koreas Yeisu Ocean Co Ltd, which was completed on July 19 and delivered to Kemaman on July 30.
MMHE acting chief executive officer (CEO) Wan Mashitah Wan Abdullah Sani said: Recognising the needs of the ship-owners operating in the east coast of Malaysia to have better access to repair and dry docking services nearer to their operations base, we believe the JV company is able to offer an attractive value proposition that will optimise ship owners and operators vessel availability and reduction in operations cost due to the strategic location of the facilities in Kemaman.
Our team was diligent in their care of the project both from Singapore and on location in the MMHE
shipyard, Malaysia, and is proud to have been associated with this important development for the region.
Moreover, MMHE has in addition secured 4 works packages relating to Rapid with a number of contractors.
MMHE had gained two contracts for the Rapid project from Toyo Engineering Corp back in August.
MMHE in a statement said that the first contract is for the fabrication of well head platform and its jacket, the connecting bridge and heavier jacket for the central processing platform for the North Malay Basin (NMB) Bergading Complex, where it will be the subcontractor for Hyundai Heavy Industries Co Ltd.
MMHE said that the second contract is the procurement, construction, hook up and commissioning contract for the Besar A well head platform and its jacket as well as the associated host tie-in work for Petronas Carigali Sdn Bhd.
The EPCIC contract covers a central processing platform and a bridge-linked wellhead platform, which will be constructed at MMHE
s fabrication yard at Pasir Gudang in Johor, Malaysia, as well as a 75-kilometre pipeline, which will be installed by one of Technip s pipe-laying vessels.
MMHE s lower operating profit for its offshore segment takes into account that the newly secured Malikai TLP project has yet to recognize any profit due to its early stage of progress and provisions for higher expected costs for an ongoing project.
MMHE said it continues to actively participate in tenders for prospective offshore development projects both in domestic and regional market.
The Malikai TLP will be constructed and commissioned at MMHE
s fabrication yard at Pasir Gudang in Johor, Malaysia.