Petronas recently awarded the Pan Malaysia Integrated Offshore Installation Contract, a US $3 billion deal covering its domestic upstream oil and gas offshore transportation and installation activities for three years starting in 2014.
The contract, awarded under a competitive tender, 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, specialised equipment and manpower services.
The total work value under the contract is estimated at almost RM 10 billion ($3 billion), spread over four packages, and was awarded to three capable local offshore installation contractors: TL Offshore Sdn Bhd., PBJV Sdn Bhd. and GOM Resources Sdn Bhd. The contract is part of continuing efforts by Petronas to further optimise its project deliveries and offshore activities in terms of safety, costs and schedule while ensuring security and availability of the necessary offshore transportation and installation barges.
T&I services will be provided to 11 PSCs in Malaysia: Petronas Carigali Sdn Bhd, Sarawak Shell Berhad & Sabah Shell Petroleum Co. Ltd., ExxonMobil E&P Malaysia Inc., Murphy Sarawak Oil Co. Ltd., Hess Oil and Gas Sdn Bhd, Talisman (Malaysia) Ltd., PCPP Operating Company Sdn. Bhd., Kebabangan Petroleum Operating Co. Sdn. Bhd., Lundin Malaysia B.V, Petrofac Ltd. Malaysia and JX Nippon Oil & Gas Exploration (Malaysia) Ltd.
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