This is oil and gas jobs news in Malaysia. The complete news is as follows:
AMPANG: Tanjung Offshore Bhd is bidding for about RM1bil worth of oil and gas jobs this year in line with its aim to become Malaysia’s premier integrated service provider in that sector.
Executive director Hamidon Md Khayon said the bids covered its core business, ranging from offshore support vessels, maintenance services, drilling and platform services to engineering and parts services.
“We are confident of securing 30% to 40% of the bids. Most of the projects are from major oil field players in the country such as Petronas Carigali, Murphy Oil and ExxonMobil,” he said after the company EGM yesterday.
He said the recent acquisition of British companies Citech Ltd and Citech Energy Systems Ltd would push its engineering equipment business to secure more jobs for the company.
Citech builds and markets waste heat recovery units (WHRUs) for the offshore oil and gas industry. They are used in the offshore oil and gas industry throughout the world for reclaiming heat from the exhaust of gas turbines which provides the power required to operate the offshore platforms.
WHRUs ensure maximum efficiency in heat transfer, maximising cost savings as well as reducing weight and space requirements.
“The acquisition will enable us to secure more jobs not just in Malaysia but also in the Asia Pacific region,” Hamidon added.
Managing director Omar Khalid said the use of WHRUs was cost saving and more efficient.
“This equipment can reduce the usage of space by 40% on offshore platforms, thus cutting the cost of building bigger platforms,” he said.
Senior manager corporate finance Joachim Tan Seow Hoe said the company was currently enjoying higher chartered vessels rates and would move to the deep-water business in three years.
“In order to do that, we need deep-water vessels. Currently, we are in discussion to acquire marine businesses to be part of our marine assets to proceed with the plan,” he said, adding that at this moment, the company had eight vessels for the chartering business and would add up to eight more new vessels by next year.