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Petronas bars TH Heavy Eng subsidiary from future tenders


In Sabah, Petronas Carigali is partnering with Sabah Shell (operator), ConocoPhillips and Murphy Sabah Oil in the Gumusut Kakap deepwater project.

In Sabah, Petronas Carigali is partnering with Sabah Shell (operator), ConocoPhillips and Murphy Sabah Oil in the Gumusut Kakap deepwater project.


KUALA LUMPUR: Petronas Carigali Sdn Bhd has excluded THHE Fabricators Sdn Bhd (TFSB), a subsidiary of Lembaga Tabung Haji’s 29.8%-owned TH Heavy Engineering Bhd , from participating in its future tenders for two years.

TH Heavy Engineering told Bursa Malaysia on Monday that this was due to “performance-related issues” pertaining to the execution of a contract awarded in January 2014 to TFSB, a 70%-owned subsidiary, to build a topside (upper half of an offshore oil platform) for PCSB’s project offshore Sabah (Kinabalu project).

Corporate News , Oil & Gas

   

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