Friday, 3 April 2015
KUALA LUMPUR: Barakah Offshore Petroleum Bhd has secured a contract from Kebabangan Petroleum Operating Company Sdn Bhd (KPOC) to provide topside maintenance services.
Barakah said on Friday its unit PBJV Group Sdn Bhd had received the letter of award.
“The contract comprises provision of topside maintenance services in Sabah. The contract duration is for one year effective from April 2, 2015 with an option for extension for a further one year,” it said.
The mobilisation date for the work is expected to be on May 1, 2015.
Barakah said the total value of the contract would hinge on the actual work orders to be issued by KPOC from time to time during the contract period.
Kebabangan Petroleum Operating Company Sdn Bhd (“KPOC”) was incorporated on 6 November 2007 under the Companies Act 1965. It is a Joint Operating Company formed under the terms of the Kebabangan Cluster Production Sharing Contract dated 31 December 2007.
KPOC was appointed the operator under the Kebabangan Cluster Joint Operating Agreement to conduct petroleum operations on behalf of the Production Sharing Contractors in offshore Sabah, Malaysia. The Production Sharing Contractors of the Kebabangan Cluster Production Sharing Contract are PETRONAS Carigali Sdn Bhd, ConocoPhillips (Sabah Gas) Ltd and Shell Energy Asia Limited. The participating interests of the Production Sharing Contractors are PETRONAS Carigali Sdn Bhd (40%), ConocoPhillips (Sabah Gas) Ltd (30%) and Shell Energy Asia Limited (30%).
KPOC has been entrusted with the exploration, development and production of natural gas resources from the Kebabangan Cluster fields which are located approximately 130km northwest of the coast of Kota Kinabalu in Sabah.