KUALA LUMPUR: Malaysia Marine and Heavy Engineering Holdings Bhd
's (MHB) subsidiary and consortium partner have signed a long-term offshore agreement with Saudi Arabia's national oil company, Saudi Aramco.
In a statement, MHB said Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE) and TechnipFMC entered the agreement, which is valid for six years with an option to extend for another six years.
It covers the engineering, procurement, fabrication, transportation, and installation of offshore facilities in support of Saudi Aramco’s Offshore Maintain Potential Program, and other works within Saudi Arabia's waters.
"We are excited to start our partnership with Saudi Aramco and to support their offshore development programmes. Our entry into Kingdom of Saudi Arabia marks a significant milestone for the Group’s Heavy Engineering segment as we pursue growth in line with our strategy to expand our portfolio in the international market.
"Fully leveraging on the core strengths of MMHE and TechnipFMC, we believe that the collaboration is another solid step in our constant drive to deliver the best to our customers," said MMHE managing director and CEO Wan Mashitah Wan Abdullah Sani.
Meanwhile, the statement added that MHB has been awarded a contract for fabrication of the Pluto Water Handling Module from TechnipFMC.
The module, which is targeted for completed in the fourth quarter of 2020, will be installed on Woodside Energy Ltd’s existing Pluto Alpha Gas Production Platform, located offshore Western Australia.
