Petroliam Nasional Bhd (Petronas) has awarded local offshore transportation and installation (T&I) works worth RM10 billion (US$ 3.1 billion) to TL Offshore Sdn Bhd, PBJV Sdn Bhd, and GOM Resources Sdn Bhd. The Pan Malaysia Integrated Offshore Installation Contract is spread over four packages, and is for a period of
Petroliam Nasional Bhd (Petronas) has awarded local offshore transportation and installation (T&I) works worth RM10 billion (US$ 3.1 billion) to TL Offshore Sdn Bhd, PBJV Sdn Bhd, and GOM Resources Sdn Bhd.
The Pan Malaysia Integrated Offshore Installation Contract is spread over four packages, and is for a period of 3 years from 2014.
According to Petronas, 3 Malaysian companies went through an open bidding process to win the contract, which involves the transportation and installation for offshore facilities and includes all the necessary services required for the execution of the scopes such as marine spread services, required tools, specialized equipment and manpower services.
Under the contract, TL Offshore, PBJV, and GOM Resources will be providing T&I services to 11 production sharing contractors.
They are Petronas Carigali Sdn Bhd, Sarawak Shell Bhd & Sabah Shell Petroleum Co Ltd, ExxonMobil Exploration and Production Malaysia Inc, Murphy Sarawak Oil Co Ltd, Hess Oil and Gas Sdn Bhd, Talisman (Malaysia) Ltd, PCPP Operating Co Sdn Bhd, Kebabangan Petroleum Operating Co Sdn Bhd, Lundin Malaysia BV, Petrofac Malaysia Ltd, and JX Nippon Oil & Gas Exploration (Malaysia) Ltd.
"The driving strategy for this contract that offers a different approach, is to ensure maximum local participation, while maintaining high competitiveness and upholding international standards. 2 out of the 4 packages were exclusively open to local barge owners only," according to Patronas.