Sime Darby Clinches Oil & Gas Contract Worth RM1 Billion
October 24th, 2008 | by mantrionline |Sime Darby Bhd today announced that it has secured a contract from Petronas Carigali Sdn Bhd (Carigali) worth RM1 billion for the construction of offshore oil & gas processing platforms.
In a statement, it said the contract was awarded to Sime Darby Engineering Sdn Bhd (SDE), Sime Darbys wholly owned subsidiary and a comprehensive provider of engineering, procurement, construction, installation, hook-up and commissioning (EPCIC) services to the oil & gas industry.
It said SDE recently received a Letter of Award (LOA) from Carigali for the construction of the 26,000 metric tonne platform worth RM1 billion.
The construction work on the project is expected to begin before end of the year at the SDE yard in Pasir Gudang, Johor, which has a total working area of 95 acres and annual capacity of 45,000MT.
Sime Darby President & Group Chief Executive Datuk Seri Ahmad Zubir Murshid said the group was pleased with the prospects of the contract and the win is symbolic as SDE celebrates its 25 years in the oil & gas business.
“Carigali is not a new customer. We have provided our services to them in the past. Our competitive advantage is our commitment to safety, our cost effectiveness and we have also been able to deliver on time. We are now able to compete more effectively across the oil & gas supply chain as we also have marine vessels,” he said.
The Carigali contract encompasses the fabrication, engineering, procurement, testing and pre-commissioning, load-out and sea fastening of the platform to service its Kumang Cluster in Sarawak, Kinabalu Jacket in Sabah and the Tangga Barat Cluster (Package 2) located in Peninsula Malaysias Eastern waters.
