KOTA KINABALU: Petra Energy Bhd is identifying a suitable site for its new onshore fabrication and logistics facility at Sabah’s oil and gas (O&G) hub in Kimanis.
Executive director Kamarul Baharin Albakri said the new onshore fabrication facility was part of the group’s strategy to leverage on the growing opportunities in the brown field sector of the upstream O&G industry in the state.
“The fabrication facility, backed by our framework for strategic expansion in marine assets, is primarily to take advantage of the growing opportunities in the Sabah O&G market,” he said in a statement at the pre-opening of the Asean Oil and Gas Expo 2010, which takes place from July 22-24.
The group currently has six offshore marine vessels comprising four work barges and two work boats.
Kamarul said the vessels were all commissioned for offshore platform work, primarily for the Sarawak-Sabah Shell project.
“Through our alliances with Petra Perdana Bhd, Bourbon Group and Bumi Armada Navigation , we have exclusive charter rights to a comprehensive range of marine assets comprising work barges, work boats, anchor handling tug supply vessels, crew boats and related crafts.
“This enables us to efficiently deploy our services for large scale and integrated-type projects, such as topside major maintenance, hook-up, construction and commissioning, topside structural maintenance and subsea maintenance,” he said.
Kamarul said the company was bullish about Sabah’s O&G market as recent reports indicate that Petroliam Nasional Bhd’s new focus was to increase domestic output from existing oil fields.
source: http://thestar.com.my/news/story.asp?file=/2010/7/22/business/6708554&sec=business
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