KUALA LUMPUR: Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) has clinched a contract from ExxonMobil Exploration and Production Malaysia Inc as part of the Tapis enhanced oil recovery (EOR) project to the tune of RM1.4 billion.
In a filing with Bursa Malaysia yesterday, MHB said the contract was signed by its wholly-owned subsidiary Malaysia Marine and Heavy Engineering Sdn Bhd with ExxonMobil.
“The scope of work under the contract includes procurement, fabrication, testing, load-out, transportation, installation and commissioning of the integrated Tapis R offshore platform deck, as well as two inter-platform bridges,” said the statement, adding the contract is expected to contribute positively toward the group’s future earnings.
The Tapis EOR project is expected to be completed by end-2013.
This article appeared in The Edge Financial Daily, November 4, 2011.
In a filing with Bursa Malaysia yesterday, MHB said the contract was signed by its wholly-owned subsidiary Malaysia Marine and Heavy Engineering Sdn Bhd with ExxonMobil.
“The scope of work under the contract includes procurement, fabrication, testing, load-out, transportation, installation and commissioning of the integrated Tapis R offshore platform deck, as well as two inter-platform bridges,” said the statement, adding the contract is expected to contribute positively toward the group’s future earnings.
The Tapis EOR project is expected to be completed by end-2013.
This article appeared in The Edge Financial Daily, November 4, 2011.
