MHB, TechnipFMC sign long-term deal with Saudi Aramco

PETALING JAYA: Malaysia Marine and Heavy Engineering Holdings Bhd’s (MHB) unit Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE), in consortium with TechnipFMC has signed a long-term agreement with Saudi Arabian Oil Company (Saudi Aramco).

The agreement is valid for six years with an option to extend for another six years, the group said in Bursa Malaysia filing. It covers engineering, procurement, fabrication, transportation, and installation of offshore facilities in support of Saudi Aramco’s offshore maintain potential programme, and other works that will be executed within the Saudi Arabia waters.

MHB said MMHE and its partner will be looking at certain scope to be performed in Saudi Arabia, supporting the ongoing Saudization initiative.

MHB managing director and CEO Wan Mashitah Wan Abdullah Sani said the group’s entry into Saudi Arabia marks a significant milestone for its heavy engineering segment and in line with its strategy to expand its portfolio internationally.

“Fully leveraging on the core strengths of MMHE and TechnipFMC, we believe that the collaboration is another solid step in our constant drive to deliver the best to our customers,” Wan Mashitah added.

Meanwhile, MHB said it has bagged a contract from TechnipFMC for fabrication of the pluto water handling module. The module will be installed on Woodside Energy Ltd’s existing pluto alpha gas production platform, located offshore Western Australia.

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