KUCHING: Goh Ban Huat Bhd’s (GBH) associate company GlobalMariner Offshore Services Sdn Bhd (GMOS) has received a letter of award for engineering, procurement, construction, installation and commissioning (EPCIC) works for the Layang development project, located in Block SK10, offshore Sarawak.
The company in a filing to Bursa Malaysia yesterday said GBH received a letter of award from TH Heavy Engineering Bhd (THHE) for the provision of technical expertise and manpower in the project management services for EPCIC works, for floating production storage and offloading (FPSO) Deep Producer 1 for the Layang development project.
Under the contract, GMOS will provide technical expertise and the manpower to form the project management team for the Layang FPSO project.
GMOS will principally take the lead in managing all technical matters in relation to the design and engineering, project management, offshore pre-commissioning and offshore commissioning and start up for the conversion project of FPSO Deep Producer 1.
The contract is estimated to have a contract value for a sum of US$20 million (equivalent to approximately RM64 million based on prevailing exchange rate as at August 11).
FPSO Deep Producer 1 is owned by Floatech (L) Ltd (Floatech), a 80 per cent subsidiary of THHE.
Floatech was incorporated in Labuan on August 19, 2011 and is principally engaged in owning and operating the FPSO vessel.