Nor Badli exchanging documents with Johnson. With them are (from left) Azizan, Jamil, Petroleum Resources Corp executive director Dr Mohd Shahreen Madros, and Senior vice-president/GM Asia-Pacific Scott V. Cummins. - Bernama
PUTRAJAYA: TH Heavy Engineering Bhd, an associate company of Lembaga Tabung Haji (LTH), and McDermott International, Inc of the United States, have formalised a joint venture to provide a broad spectrum of marine construction services, including full engineering, procurement, construction, installation and commissioning solutions, to the Malaysian and Asia-Pacific offshore oil and gas (O&G) industry.
The agreement would see a 30% share swap between Berlian McDermott Sdn Bhd, the local arm of McDermott International, and TH Fabricators Sdn Bhd, in a deal worth US$25.4mil (RM77.7mil).
Limited time offer:
Just RM5 per month.
