Alam Maritim Resources Berhad disclosed Wednesday that its wholly-owned subsidiary, Alam Maritim (M) Sdn Bhd, has recently received a Letter of Award from Petronas Floating LNG 1 (L) Ltd. (PFLL), a wholly-owned unit of Petroliam Nasional Berhad (PETRONAS) for offshore work relating to the final positioning and mooring system hook-up of the floating liquefied natural gas (FLNG) facility.
The workscope of the contract requires Alam Maritim to provide flexible riser installation, precommissioning and commissioning of pipeline, pipe-line ends terminal (PLET) and riser from KAKG to the FLNG in Kanowit field offshore Bintulu, East Malaysia for the PETRONAS Floating LNG1 (PFLNG1) Project.
The subcontract work, valued at $12.5 million (MYR 53.5 million), is tentatively scheduled from June 15, 2015 to April 30, 2016.
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