PBJV Wins Kebabangan Contract from KPOC (Malaysia)

Barakah Offshore’s subsidiary has secured a contract offshore Sabah, Malaysia.


PBJV Group Sdn Bhd, a subsidiary of Barakah Offshore Petroleum Berhad,  has received a letter of award from Kebabangan Petroleum Operating Company Sdn Bhd (“KPOC”) for the provision of dewatering, drying and dry preservation of 14” and 24” KBB Linepipes for Kebabangan Nothern Hub Development Project.

The contract value is estimated between RM20 million to RM25 million (USD 6.2 – 7.2 million). The work for the contract is expected to start in Q4 2013 and is expected to be completed by Q1 2014.

“The Contract is expected to contribute positively towards the earnings and net assets per share of Barakah Group for the financial year ending 30 September 2014,” said Barakah in a filing to Bursa Malaysia.

KPOC, comprising PETRONAS Carigali Sdn Bhd (40%), ConocoPhillips Sabah Gas Ltd (30%) and Shell Energy Asia Limited (30%), will operate the Kebabangan field. The field, located in water depths of 100 metres to 400 metres, is expected to come on stream in 2014.
KBB will be a hub for the development of deep water and on-shelf oil and gas assets offshore Northern Sabah.

Offshore Energy Today Staff, October 25, 2013

 

Share this article

Follow Offshore Energy Today

Events>

<< Jul 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

Uganda International Oil and Gas Summit 2019

Uganda International Oil & Gas Summit will once again examine the industry’s developments…

read more >

8th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

Gas Indonesia Summit 2019

Gas Indonesia Summit & Exhibition is returning for the fourth edition in Jakarta…

read more >

Shanghai Int Petrochemical and Offshore Oil & Gas and Chemical Industry Technology and Equipment Exhibition 2019

cippe Shanghai has attracts both…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply