KUCHING: Carimin Petroleum Bhd, a provider of offshore oil and gas (O&G) support services in Malaysia, has entered into collaboration agreements (COAs) with Makamin Offshore Saudi Ltd Co (MOS) and Petro Allied International DMCEST (PAI) to explore opportunities in Saudi Arabia, the Middle East, Southeast Asia and Australia.
Under the exclusive COAs, Carimin would provide its expertise in hook-up and commissioning (HUC) services; topside major maintenance (TMM); subsea inspection, repair and maintenance services, including chartering of marine vessels; and the provision of professional manpower.
“The combination of Carimin’s HUC and TMM expertise, combined with MOS and PAI’s experience, creates a strategic alliance between leading providers to tap into the thriving opportunities in the Middle East, Australia and Southeast Asia,” Managing Director Mokhtar Hashim said in a statement yesterday.
Mokhtar said the COAs leverage not only on the parties’ respective competencies and track records, but also on their intimate knowledge of the target regional markets.
“These COAs would catapult Carimin onto the international scale, complementing our track record thus far in serving oil and gas majors mainly in Malaysia.
“We are therefore optimistic that this collaboration would be a positive endeavour for us,” he said.
MOS has expertise in offshore support vessel services, diving support services, manpower provision services, and offshore repair and maintenance services in Saudi Arabia.
Middle East-based PAI and its group of companies provide offshore support vessel services, offshore transportation and installation services, inshore marine services, and decommissioning and salvage services.
Carimin said the parties intend to collaborate in joint tender bidding for oil and gas activities, including offshore pipeline installation and replacement; engineering, procurement and construction projects; and construction of marine and port projects in Saudi Arabia, the Middle East and the Southeast Asia regions including Australia.
The parties are committed to supporting each other to be successful in the potential projects by identifying clear execution plans and promotional activities, it said. The statement said the parties would jointly discuss the possibility of venturing into the next level of business collaborations, including entering into joint ventures to develop specific region(s), or mergers and acquisitions in the future.