KUALA LUMPUR: Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE) has secured two contracts worth a total RM952 million from MISC BHD [] for topsides fabrication, marine repair and conversion of two energy vessels.
In a statement Friday, Aug 19, MMHE said the first was an EPCC contract for the repair, life extension and conversion of MT Onozo, an Aframax tanker, into a floating production, storage and offloading (FPSO) facility.
It said that upon completion, the facility would be known as FPSO Cendor and be deployed offshore Terengganu in West Malaysia, and operated by Petrofac Malaysia.
MMHE said the FPSO Cendor was the eleventh conversion for the group, adding that it was the only domestic company that commanded the capability, proven track record and facilities in converting old floaters into FPSO and floating, storage and offloading (FSO) vessels.
Meanwhile, it said the second contract was for the repair, life extension and conversion of MISC's SS Tenaga Satu, a liquefied natural gas vessel (LNG), into a floating storage unit facility, to be known as FSU Lekas.
Upon completion, FSU Lekas would be moored at Malaysia's very first Regasification Terminal at Sungai Udang, Melaka, it said.
MMHE said that this was the first conversion into a FSU by a Malaysia-based company and also amongst the first few in the world.
'As the demand for a cleaner source of energy grows, LNG carriers will play a pivotal role in meeting future's energy demand.
'A regasification terminal or facility would be required when importing LNG and FSUs can be a cost effective solution in such a facility,' it said.
The company said the repair and conversion of LNG vessel into a FSU facility marked a successful extension of MMHE's scope of services and capabilities as the group currently also provides repair and drydocking facilities to LNG and liquefied petroleum gas (LPG) vessels.
'In the recent financial year ended March 31, 2011, 16% of the vessels repaired by MHB are high-value LNG/LPG vessels,' it said.
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In a statement Friday, Aug 19, MMHE said the first was an EPCC contract for the repair, life extension and conversion of MT Onozo, an Aframax tanker, into a floating production, storage and offloading (FPSO) facility.
It said that upon completion, the facility would be known as FPSO Cendor and be deployed offshore Terengganu in West Malaysia, and operated by Petrofac Malaysia.
MMHE said the FPSO Cendor was the eleventh conversion for the group, adding that it was the only domestic company that commanded the capability, proven track record and facilities in converting old floaters into FPSO and floating, storage and offloading (FSO) vessels.
Meanwhile, it said the second contract was for the repair, life extension and conversion of MISC's SS Tenaga Satu, a liquefied natural gas vessel (LNG), into a floating storage unit facility, to be known as FSU Lekas.
Upon completion, FSU Lekas would be moored at Malaysia's very first Regasification Terminal at Sungai Udang, Melaka, it said.
MMHE said that this was the first conversion into a FSU by a Malaysia-based company and also amongst the first few in the world.
'As the demand for a cleaner source of energy grows, LNG carriers will play a pivotal role in meeting future's energy demand.
'A regasification terminal or facility would be required when importing LNG and FSUs can be a cost effective solution in such a facility,' it said.
The company said the repair and conversion of LNG vessel into a FSU facility marked a successful extension of MMHE's scope of services and capabilities as the group currently also provides repair and drydocking facilities to LNG and liquefied petroleum gas (LPG) vessels.
'In the recent financial year ended March 31, 2011, 16% of the vessels repaired by MHB are high-value LNG/LPG vessels,' it said.
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