Industry News - Asian Oil & Gas Reports - Malaysian yard re-brands for international successMalaysian yard re-brands for international success
from: Asian Oil & Gas
by: John Mueller
Thursday, June 02, 2005
Malaysia Shipyard & Engineering (MSE), the heavy
engineering arm of Malaysia International Shipping
Corporation (MISC), has assumed a new brand identity
with the official launch of its revised name and logo by
MISC chairman Mohamad Hassan Marican in Johor
Malaysia. John Mueller reports.
Now known as Malaysia Marine &
Heavy Engineering (MMHE), the
heavy engineering arm of MISC has
embarked on new strategic directions and
an enlarged scope of business,
positioning itself to become a leading
regional and eventual global player in the
marine and offshore structural
engineering industry, taking on a pivotal
role in both upstream oil and gas projects
and downstream repair and maintenance
works.
Malaysia Shipyard & Engineering started
out with small ship repair, and graduated to
an integrated marine engineering company
that engaged in deepwater facilities
construction, LNG carrier maintenance
and floating, storage and offloading/
floating, production, storage and offloading
(FSO/FPSO) conversions.
MMHE will now broaden its marine
and heavy engineering business based on
a multi-pronged strategy, focused on the
building and upgrading of deepwater
facilities, marine repair, LNG tankers
and FSO/FPSO conversions with the
objective to become a centre of choice.
Speaking at the re-branding ceremony,
chairman Mohamad Hassan Marican
(pictured), who is also the
president and CEO of Petronas, said the
major business philosophy of MMHE was
to tap floating production growth
opportunities in Malaysian and
Indonesian deepwaters, as well similar
areas worldwide such as offshore Africa
and South America.
In the area of design and fabrication,
MMHE will continue to develop its
capabilities to undertake EPCIC
(engineering, procurement, construction,
installation & commissioning) projects
through joint ventures and alliances,
aspiring to deepwater floating technologies
such as spars, tension leg platforms
and semi-submersibles as well as
expanding into regional and international
markets for fixed and selfinstalling
platforms.
In its marine repair division, the
company aims to become a shipyard of
choice for high value added vessels such
as LNG/LPG and petroleum tankers.
Towards this end, MMHE has assembled
a dedicated LNG tanker repair team of
experienced engineers, responsible for
the recent delivery of two LNG tankers to
MISC.
Business developments
Concurrent with the re-branding
ceremony, MISC, a Petronas transportation
subsidiary that has an established
offshore business unit with four FPSOs,
announced that it had entered into two
new agreements involving floating
production units.
One is with Single Buoy Moorings
(SBM), a subsidiary of SBM Offshore NV,
which has signed a memorandum of
understanding offering MISC the
opportunity to acquire up to a 49% equity
interest in the Roncador FPSO, presently
operating in Brazil, subject to the
approval of Petrobras and other relevant
parties.
The offer is expected to strengthen the
two companies' existing partnership,
whose objective is to develop a fleet of
jointly owned FPSOs and LNG floating
storage re-gasification units (FSRU) for
the Malaysian domestic market and also
worldwide whenever the association
enhances project value.
MISC also has a joint venture with
SBM for the provision of an FPSO for a
deepwater project offshore Sabah from
2007.
At the same time, Bergesen Worldwide
and MISC have signed a memorandum of
understanding to cooperate and explore
opportunities in the supply, operation and
maintenance of LPG FPSOs in Malaysia
and other floating production units
worldwide, an arrangement expected to
play a strategic role in accelerating the
development of smaller gas fields in
Malaysia.
The two partners are also looking at
building new LPG FPSOs, for which any
conversion work would be carried out at
MMHE. The Bergesen Group controls a
fleet of some 120 vessels including crude
oil, LPG and LNG carriers.
Meanwhile, MMHE is designing a
platform for the East Livanov field in the
Caspian sector of Turkmenistan -
discovered by Petronas in 2002 - part of
which would likely be built at MMHE.
Other current MMHE work includes
the South Angsi-A mobil offshore
accommodation barge topsides for
Talisman Energy, off the east coast of
West Malaysia, Shell's E11 field living
quarters, topsides and compression
modules, in Sarawak waters, and the
fabrication of topsides and an eightlegged
jacket for the Champion West
Phase III-EPF field in Brunei.
On the marine side, MMHE's
involvement includes the FSO Angsi for
Talisman, in addition to the conversion of
the VLCC Atlas to an FPSO for the Kikeh
field, offshore Sabah, East Malaysia.
Pasir Gudang yard
MMHE's comprehensive facilities at the
Pasir Gudang yard, Johor, located on the
southern tip of Peninsular Malaysia and
spread over 123ha, are capable of
undertaking complex repair and
construction projects. The main
resources include 450,000dwt and
140,000dwt drydocks and a 50,000dwt ship
lift system able to dock four ships on its
land berths at any one time.
Certifications obtained comprise MS
ISO9001 Quality Management System
from SIRIM and ISO9001:2000
accreditation from Lloyds Register of
Quality Assurance.
MMHE's shareholders are MISC (65%),
Kuok Brothers (17.5%) and IMC
Enterprise (17.5%). AOG
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