A Malaysian-French strategic partnership is taking on deepwater engineering challenges in Malaysia after it established a foothold in Turkmenistan with a shipyard in the Caspian Sea.
The Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE) and France’s Technip SA joint venture have been kept busy with a number of offshore projects in Malaysia and abroad. While domestic projects are carried out at two shipyards in southern Peninsular Malaysia, those for the Caspian Sea are being undertaken at Kiyanly shipyard in Turkmenistan.
Optimism Generated by Petronas Upstream Plans
Dominique De Soras, MHB CEO
“The renewed focus by Petronas on local exploration & production development, enhanced oil recovery (EOR) initiatives and marginal field developments, will positively impact on our yards as we will be able to capitalize on these future opportunities from a position of strength,” Malaysia Marine and Heavy Engineering Bhd (MHB) Managing Director & CEO Dominique De Soras said in an interview with Rigzone.
Malaysia’s national oil and gas company, Petronas Nasional Bhd (Petronas), is investing $91.86 billion (MYR 300 billion) on its projects, including a number of deepwater and EOR projects.
“MHB is bullish of business prospects,” he said.
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