Malaysia Marine and Heavy Engineering : Press Release October 2022

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PRESS RELEASE

Kuala Lumpur, 11 October 2022

MHB Awarded the EPC Contract for the Solar Powered Offshore Platform, Rosmari-Marjoram Project, from Sarawak Shell Berhad

Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE), a wholly owned subsidiary of Malaysia Marine and Heavy Engineering Holdings Berhad (MHB), has secured a contract from Sarawak Shell Berhad (SSB) to undertake the engineering, procurement and construction (EPC) services of the offshore platform for the Rosmari-Marjoram gas project, off the coast of Sarawak, offshore Malaysia. The platform will comprise of a topside, a 4-legged jacket and piles.

Upon completion, the platform will be installed in a water depth of 140 metres (m) within SK318 area, off the coast of Bintulu, Sarawak.

This unmanned platform will be primarily powered by renewable energy where it will utilise power from solar panels. With a design life of 20 years, it will cater for up to 800 million standard cubic feet of gas per day with start-up targeted in 2026 supplying natural gas to the PETRONAS LNG Complex in Bintulu, Sarawak.

The Rosmari-Marjoram gas project is currently undertaken by SSB (Operator of the SK318 Block) and PETRONAS Carigali Sdn. Bhd.

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Quote by MD & CEO of MHB

Pandai Othman, Managing Director and Chief Executive Officer of MHB said, "We are honoured to have been entrusted with such a significant project from SSB. To us, this project award is not just another achievement for our record books but in fact, it signifies our strong and lasting partnership with SSB in many years to come.

With the announcement of Final Investment Decision by SSB for the project on Monday, 5th September 2022, followed by the award of this contract to MHB also indicates the beginning of the revitalisation of the oil and gas industry in Malaysia that has long been impeded due to the pandemic and economic slowdown causing oil and gas developers to be more cautious in its CAPEX spending for new developments.

Apart from our ultimate aim to deliver this project safely and timely, we are pleased to say that this project is aligned with our commitment in providing cleaner energy solutions through the utilisation of renewable energy to power the platform.

MHB has already begun our sustainability journey by integrating sustainable practices into our business and decision-making to ensure that we operate responsibly. Through this project, this will further intensify our aspiration to support all our stakeholders, in particular Shell and PETRONAS, towards materialising their net zero carbon emission agenda."

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About MHB

Malaysia Marine and Heavy Engineering Holdings Berhad (MHB) is a globally trusted energy and marine solutions provider for a wide range of heavy engineering facilities and vessels.

MHB has more than 45 years of track record in delivering integrated and complex solutions to international oil & gas clients. We are recognised for our global expertise in deepwater support services, offshore conversion services and LNG vessel repair and dry docking. MHB also owns and operates a regional Centre of Excellence - a learning centre that produces technically expert workers for the industry.

We understand the importance of delivering solutions that are sustainable to our stakeholders, where we now provide services that support the global energy transition in the areas of renewable energy, maritime decarbonisation & energy efficiency.

Our capabilities and track record in summary:

• Full range EPCIC services for heavy engineering construction
• Complete offshore assets conversion services in one location
• Comprehensive marine repair, refurbishment, upgrading and life extension of vessels and rigs

For more information, kindly contact MHB Corporate Communications:

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