KUALA LUMPUR: Propel Global Bhd
's subsidiary, Best Wide Engineering (M) Sdn Bhd, has signed a memorandum of understanding (MoU) with Labuan Shipyard & Engineering Sdn Bhd and Teguh Energy Sdn Bhd to explore oil and gas engineering projects in Sabah.
In a filing with Bursa Malaysia, Propel Global said the collaboration would cover engineering, procurement, construction and commissioning (EPCC) projects, offshore and onshore works, fabrication, maintenance and related engineering services within Sabah's maritime area.
Under the MoU, the parties will jointly identify and evaluate project opportunities, prepare and submit tenders and proposals, and share technical expertise and resources.
The collaboration also includes engagement with government authorities and regulators, as well as the development of project implementation strategies.
Labuan Shipyard & Engineering is involved in shipbuilding, ship repair and offshore oil and gas facility fabrication, while Teguh Energy provides oil and gas extraction support services, manpower and industrial equipment maintenance.
Best Wide Engineering specialises in EPCC works, engineering equipment and systems, and project management services for the oil and gas industry.
The MoU is non-binding and non-exclusive, with a tenure of two years from the signing date.
