SPT Receives LOI for Malaysia's Offshore Ophir WHP Project from Muhibbah

SPT Offshore, the Netherlands-based offshore contractor for suction pile anchors and foundations, disclosed Monday that the firm has received the Letter of Intent (LOI) for the detailed design of the suction pile foundation, design supervision of the jacket and full transportation and installation (T&I) of the Ophir wellhead platform from Malaysia's Muhibbah Engineering (M) Bhd.

Muhibbah is the engineering, procurement, construction, installation and commissioning (EPCIC) contractor for this project, which is based on SPT Offshore’s solution consisting of an tri-legged jacket with an integrated suction pile foundation.

Mark Riemers, MD of SPT Offshore, stated that he is very pleased with this contract: “This award proves that suction pile foundations for wellhead platforms are a very cost efficient solution and provides the option for re-use at other fields. Despite the downturn in the offshore oil and gas sector, SPT Offshore was able to secure this project.

The jacket with integrated suction pile foundation will be installed in one piece offshore, making a safe and swift offshore execution possible. We trust that by securing this project, SPT Offshore will be involved in more marginal field projects with our suction pile solutions.”

Ophir Production is a joint venture company between Octanex Pte Ltd., a wholly owned-subsidiary of Octanex NL, which is a public listed company in Australia, Scomi D&P Sdn Bhd and Vestigo Petroleum Sdn Bhd -- a wholly-owned subsidiary of Petronas Carigali Sdn Bhd. Octanex holds a 50 percent equity interest in Ophir Production, while Scomi holds 30 percent and Vestigo the remaining 20 percent.

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