Petra wins 5-year MCM contract from Petronas

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Petra wins 5-year MCM contract from Petronas

Petra Resources Sdn Bhd (“Petra Resources” or “the Company”), a wholly-owned subsidiary of integrated brown field services provider Petra Energy Berhad, was recently awarded the Provision of Maintenance, Construction and Modification (MCM) services under Package B (Offshore) Sabah (“the Contract”) by PETRONAS Carigali Sdn Bhd
(”PETRONAS Carigali”).

The duration of the Contract will be for a primary period of five (5) years, with one (1) year extension option, effective from 20th September 2017 and will expire on 19th September 2022. Under the terms of the Contract, Petra Resources, amongst others, will provide Contract Management, Project Execution, Procurement and Marine Spread to undertake maintenance activities for PETRONAS Carigali’s facilities at offshore Sabah.

Petra Resources in a statement said, MCM is the Group’s core competency. The Company is very pleased with the award of the MCM contract and look forward to add value to its client through effective service delivery.
The award of this contract would contribute positively towards the company’s overall earnings for the period thus enhancing shareholder value.

About Petra Energy

Petra Energy Berhad (Petra Energy) spearheads a consortium of subsidiary companies (together referred as the Group), provides a comprehensive range of integrated brown field services for the upstream oil & gas industry and specialist products and services for the petrochemical industry . The Group is also involved in development and production activities of small field cluster.

Petra Energy has firmly established itself as an intergrated provider for topside major maintenance hook-up construction and commissioning of offshore and onshore oil and gas installations. The scope encompasses all surface engineering capabilities that include design, engineering, procurement, fabrication, installation, hook-up, construction, commissioning including offshore marine services.

For maximum benefits to clients, our services are executed on a “singlepoint of responsibility and accountability” or integrated basis that ensures operations efficiency, reduced costs and faster project turn-around.

HSSE and QA/QC procedures are engaged at all levels of operations to ensure compliance with project requirements in reference to applicable laws, codes, standards, specifications and regulations.

Source: www.petraenergy.com

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.