Rapid package 14 open for pre-qualification bid


PETALING JAYA: Petroliam Nasional Bhd (Petronas) has called for a pre-qualification bid for the construction and commissioning of steel structure, piping, mechanical equipment, electrical and instrumentation installation, insulation and painting works for the Refinery and Petrochemicals Integrated Development (Rapid) project.

Analysts expect oil and gas related services players such as Eversendai Corp Bhd, Muhibbah Engineering Bhd and KNM Group Bhd to bid for package 14 that was open for the pre-qualification exercise on Monday.

When contacted, Eversendai executive chairman Tan Sri AK Nathan said the steel structure specialist would put in its bid.

“We have the capability to handle the steel and mechanical works,” he said.

Previously, he had said that the company was eyeing fabrication and construction works worth RM2.5bil at the RM89bil Rapid project.

However, the value for package 14 of the integrated petrochemical facilities project at Pengerang, Johor could not be attained at press time.

Meanwhile, Muhibbah was reportedly tendering for RM1bil worth of jobs there whereas KNM had secured jobs valued at about RM1bil. Another potential beneficiary from this package could be Pantech Group Holdings Bhd, which makes pipes and fittings for the oil and gas sector, said an analyst.

Petronas said the pre-qualification document was available for purchase and collection from Monday until May 21.

The tender is open to any Malaysian or foreign company or a consortium of companies with relevant experience and resources.

“Foreign applicants are encouraged to partner with Malaysian companies to participate in this pre-qualification,” it added.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

KLIA poised to support F1's return to Malaysia - MAHB
Asian stocks choppy after rout, Fed leaves markets uncertain on rates
Samsung sees chip supply shortages worsening due to AI boom; shares surge 8%
Singtel confirms Optus stake-sale talks as regulatory pressure mounts
Ringgit opens higher as US Fed hold rate steady
FBM KLCI remains resilient despite US stock plunge
30-year yields hit 19-year highs amid Fed doubts
Trading ideas, Econpile, Petra, Sunway Healthcare, Semico, JcbNext, Bina Puri, Land & General, Midea, Keyfield, HeiTech Padu, Taso, Atrium REIT, Chin Teck, AME REIT, Harn Len
Global air cargo demand up 8.5% in June
Woodside raises its quarterly revenue outlook

Others Also Read