KKB set to win Kinabalu award
Malaysia KKB reported on Friday that its associate company OceanMight, an engineering services company, received a letter of award from Talisman Malaysia Limited.
KKB is still awaiting its formal letter of award, but has scheduled work on the platform to start in the first quarter of 2017.
While the exact contract value is unknown, it is believed to range between $170 million and $180 million.
Reports have revealed that KKB’s bid was 5 percent lower than bids placed by at least 8 other companies, including SapuraKencana Petroleum and Malaysia Marine & Heavy Engineering.
The project will include work on a 3,000-tonne wellhead platform and pipelines that will be installed and tied into the field’s existing offshore infrastructure.
Recent Posts
Iberdrola to triple offshore wind assets to $18 billion
Spain's Iberdrola plans to triple its offshore wind assets in the coming years, bringing their value to USD 18 billion,… Read More
Angola’s Azule Energy awards Saipem $850-million contract
Saipem has been awarded a USD 850-million contract for subsea works in Angola by local BP-Eni joint venture Azule Energy,… Read More
Arrow Exploration spuds new well in Colombia
Arrow Exploration has spud a new production well on the Tapir block in Colombia’s Llanos Basin, the company announced on… Read More
Petronas makes discovery off Suriname
Petronas has made a third oil and gas discovery in Suriname's offshore Block 52, the Malaysian company announced on Wednesday Read More
Japan’s JERA slates $32 billion for LNG, renewables, new fuels
Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More
Chevron planning UK North Sea exit
Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More