SapuraKencana bags USD65.3m new contracts

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SapuraKencana bags USD65.3m new contracts

SapuraKencana Petroleum Berhad (“SapuraKencana”) has been awarded new contracts by clients with a combined value of approximately USD65.3 million (approximately RM264 million, based on USD1: RM4.04).

The contract awards for work in Malaysia and in Vietnam were recently made to the company’s wholly-owned subsidiary, SapuraKencana TL Offshore Sdn Bhd (“SKTLO”).

Details of the contract awards are listed below:

Award of Provision of Transportation and Installation of Offshore Facilities for BOC-BOD Pipeline Replacement Tie-in Project by Repsol Oil and Gas Malaysia Limited

SKTLO has been awarded a contract by Repsol Oil and Gas Malaysia Limited (formerly known as Talisman Malaysia Limited) for the transportation and installation of offshore facilities for Year 2014-2016 – BOC-BOD Pipeline Replacement Tie-In Project (“Repsol Contract”).

The scope of work consists of subsea tie-in of spools to be executed at Bunga Orkid Development located at Northern field of PM3 Commercial Arrangement Area, North-East of Peninsular Malaysia, bordering Vietnam and Thailand. The Repsol Contract is for a period of approximately 1 month.

Award of Provision of Demobilisation of Floating Storage and Offloading (FSO) ABU Project by MISC Offshore Floating Terminals (L) Limited

SKTLO has been awarded a contract by MISC Offshore Floating Terminals (L) Limited for the provision for demobilisation of Floating Storage and Offloading (FSO) ABU Project (“MISC Contract”).

The scope of work consists of a base scope for demobilisation and offloading of an FSO which is located approximately 320km offshore of Kertih, Terengganu, Malaysia in the ABU cluster field at Block PM-318 and optional scope for the towing of the FSO and installation of FSO temporary mooring arrangement at the lay-up area.

The MISC Contract is for a period of approximately 5 months.

Award of Provision of Offshore Installation for LQ Jacket, Piles and Appurtenances (Base Scope) and Module 1 (Optional Scope) for Su Tu Trang Field in Vietnam by PTSC Offshore Services Joint Stock Company

SKTLO has been awarded a contract by PTSC Offshore Services Joint Stock Company for the offshore installation of LQ jacket, piles and appurtenances (base scope) and module 1 (optional scope) (“PTSC Contract”).

The work location is at Su Tu Trang Field within the Vietnamese water. The PTSC Contract is for a period of approximately 3 months.

Award of Provision of Transportation and Installation of Pipeline, Substructure and Topside for F12 Gas Development Project by PETRONAS Carigali Sdn. Bhd.

SKTLO has been awarded a contract by PETRONAS Carigali Sdn. Bhd. for the provision of transportation and installation of pipeline, substructure and topside for F12 Gas Development Project (“PETRONAS Carigali Contract”).

The work will be executed approximately 180km offshore of North West of Bintulu, Sarawak, Malaysia. The PETRONAS Carigali Contract is for a period of approximately 8 months.

Award of Provision of Transportation and Installation of Offshore Faciliites for Guntong Pipelay Project by ExxonMobil Exploration and Production Malaysia Inc.

SKTLO has been awarded a contract by ExxonMobil Exploration and Production Malaysia Inc. (“EMEPMI”) for the provision of transportation and installation of offshore facilities for Guntong Pipelay Project (“EMEPMI Contract”). The scope of work consists of transportation and installation of one new pipeline from Tapis Q to Guntong C.

The EMEPMI Contract will commence after the seasonal monsoon from around March 2017 and is expected to end in May 2017.

Source: www.sapurakencana.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.