KUALA LUMPUR: TH Heavy Engineering Bhd said wholly-owned subsidiary, THHE Fabricators Sdn Bhd (TFSB), has secured the licence from Petroliam Nasional Bhd (Petronas) to supply product and provide services to oil and gas companies in Malaysia.
The licence is valid for three years, from Dec 24, 2019 to Dec 23, 2022, the company said in a filing with Bursa Malaysia today.
The approved licence categories are for mechanical engineering, engineering maintenance for topside, piping and structural, as well as construction and fabrication of offshore facilities.
"With the newly approved licence, TFSB will now be eligible to be invited to bid for Petronas projects," it said.
In April 2016, TH Heavy was barred by Petronas from participating in its tenders due to non-performing issues.
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