McDermott Secures Malaysian Offshore Projects
Offshore engineering services group McDermott has been awarded two new contracts as part of a push to Malaysian offshore oil and gas fields.
The group was awarded separate contracts by Sarawak Shell Berhad, or SSB, and Sapura Exploration and Production, or SEP, both of which were described as “sizable.”
"These two contracts give McDermott the opportunity to strengthen our longstanding relationship with Sarawak Shell Berhad and develop a new relationship with Sapura Exploration and Production," said Ian Prescott, McDermott's senior vice president for Asia-Pacific.
Gorek, Larak and Bakong Breakbulk Transport
Work for the offshore contracts will include breakbulk transportation of offshore structures and pipelines as well as pre-commissioning work and installation. The SSB project will focus on the Gorek gas field while the SEP contract covers work at the Larak and Bakong gas fields.
The contracts "provide an excellent opportunity for McDermott to execute offshore projects in Malaysia using many of the company's assets, from our highly skilled and talented workforce to our marine assets and our global fabrication expertise," a company spokesperson said.
The offshore campaign is expected to begin in the second quarter of 2019.
Growing Business Prospects
With estimated proven oil reserves of 3.6 billion barrels and the fourth-highest reserves in Asia-Pacific, according to the Oil & Gas Journal, Malaysia’s offshore oil and gas sector is forecast to deliver strong growth in 2019.
“McDermott is continuing its hiring process in Malaysia to meet the growing business prospects in the region and its recent combination with CB&I that opens up onshore petrochemical business opportunities in addition to its offshore business portfolio,” a spokesperson for the firm said.
Project management for the new contracts will be carried out by McDermott’s Kuala Lumpur team, while fabrication of the risers and spools is scheduled to be performed at McDermott's global execution center in Batam, Indonesia.
Photo: McDermott workers. Credit: MI