The Malaysian Reserve | January 8, 2014
By Azli Jamil
KUALA LUMPUR: Petronas upstream subsidiary Petronas Carigali Sdn Bhd has awarded a five-year contract for design and engineering services for its facilities four contractors.
They are Technip Consultant (M) Sdn Bhd, Perunding Ranhill Worley Sdn Bhd (PRW), RNZ Integrated (M) Sdn Bhd and MMC Oil & Gas Engineering Sdn Bhd.
The contract to these four local engineering services contractors commenced in September 2013, with the scope of the contract covering domestic upstream oil and gas engineering services, including front end engineering design and detailed design works, said Petronas in a statement issued yesterday.
Petronas said during the contract period, Petronas Carigali will conduct closed competitive bidding among the four contractors to select the most technically capable and commercially attractive bidder that meets its specified scope of work and project requirements.
“The umbrella contract supports Petronas’ commitment in providing business opportunities to technically capable local companies, thereby supporting the growth of Malaysia’s oil and gas upstream services industry,” said Petronas.
One of the four companies, PRW, made the news in July 2013 when its licence was suspended by Petronas.
The suspension caused the shelving of Ranhill Energy & Resources Bhd (RESB) listing plan, even after PRW’s licence was reinstated a week later.
“RESB is fined RM300,000 while Hamdan is reprimanded and fined RM200,000 for failing to immediately inform the Securities Commission Malaysia (SC) of the suspension of the licence issued by Petronas to PRW, a company controlled by Hamdan,” said SC in a statement issued on Nov 18, 2013.