Barakah Offshore’s subsidiary, PBJV Group Sdn Bhd (PBJV), has recently signed a Memorandum of Collaboration (MOC) with a Norwegian subsea service provider, Ocean Installer Ltd. to exclusively work together in Malaysia to provide deepwater installation of subsea umbilicals, risers and flowlines (SURF) and related services.
According to Barakah’s Bursa Malaysia filing, the memorandum is a platform for sharing each party’s expertise, resources and develop business for the offshore oil and gas market jointly in Malaysia; and for identifying prospects for suitable oil and gas-related projects to be pursued and tendered jointly and on an exclusive basis.
Barakah says that the collaboration is a good fit for both PBJV and Ocean Installer to widen the range of services and market reach for the Malaysia’s O&G industry.
Encik Nik Hamdan Daud, Deputy Executive Chairman of Barakah comments, “This collaboration will allow us to serve the full spectrum of subsea installation market for Malaysia’s O&G industry and a step up for Barakah to be involved in deepwater segment. Together, we hope to provide good value for money solutions to our existing/potential clients. We are optimistic that the co-operation will support Barakah’s ambition to move up the value chain.”
PBJV is a turnkey onshore and offshore O&G player with EPCIC (Engineering, Procurement, Construction, Installation, and Commissioning) capability. Its offshore O&G business includes transportation and installation, pipeline pre-commissioning, commissioning, and de-commissioning; and offshore platform major maintenance, and hook-up and commissioning. PBJV currently provides mainly shallow water (up to 200m water depth) installations of subsea infrastructures involving rigid pipelines and fixed platform structures.
Ocean Installer is a subsea specialist, headquartered in Stavanger, Norway with offices in Aberdeen, Houston, Mexico City, Perth, Dubai and Rio de Janeiro. The company provides a full range of subsea services and holds EPCI (Engineering, Procurement, Construction, Installation) expertise in the SURF (Subsea structures, Umbilicals, Risers, Flowlines) segment. Ocean Installer focuses its attention in the deep water (200m to 3000m depth) segment.