KUALA LUMPUR: ALAM MARITIM RESOURCES BHD [] has entered into memorandum of understanding (MoU) with Yayasan Sabah Shipping Sdn Bhd, a unit of Yayasan Sabah Group with a view to form a joint venture (JV) company.
In a filing to Bursa Malaysia on Friday, Oct 22, Alam Maritim said the JV company would be involved in the provision of services including offshore installation CONSTRUCTION [], marine operations, and subsea works to the energy industry in Sabah.
The JV company is also for the parties to co-own strategic assets required for the provision of the services, such as offshore construction assets (including a pipe-lay barge), as well as to facilitate the localisation and transfer of oil and gas-related TECHNOLOGY [] into Sabah, it said.
In a filing to Bursa Malaysia on Friday, Oct 22, Alam Maritim said the JV company would be involved in the provision of services including offshore installation CONSTRUCTION [], marine operations, and subsea works to the energy industry in Sabah.
The JV company is also for the parties to co-own strategic assets required for the provision of the services, such as offshore construction assets (including a pipe-lay barge), as well as to facilitate the localisation and transfer of oil and gas-related TECHNOLOGY [] into Sabah, it said.
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