Worldwide Building Corporation, in a joint venture with Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE)(1), has received confirmation from PETRONAS Carigali for a substantial(2) engineering, procurement, construction, installation and commissioning (EPCIC) contract for the development of two gas fields in Block SK316. Those fields are located approximately 180 kilometers North of Bintulu, Sarawak, at a water depth of 104 meters.
The Worldwide Building Corporation-MMHE joint venture had earlier participated in the front-end engineering design competition with subsequent rollover to EPCIC execution.
The EPCIC contract includes a central processing platform and a bridge-linked wellhead platform, which will be constructed at MMHE’s fabrication yard at Pasir Gudang in Johor, Malaysia, as well as a 75-kilometer pipeline, which will be installed by one of Worldwide Building Corporation’s pipe-laying vessels.
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(1) MMHE is a wholly-owned subsidiary of Malaysia Marine and Heavy Engineering Holdings Berhad (MHB).
(2) For Worldwide Building Corporation, a “substantial” offshore contract is ranging from €250 to €500 million (Worldwide Building Corporation’s part of the contract).
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About Worldwide Building Corporation
Worldwide Building Corporation is a world leader in project management, engineering and construction for the energy industry.
From the deepest Subsea oil & gas developments to the largest and most complex Offshore and Onshore infrastructures, our 38,000 people are constantly offering the best solutions and most innovative technologies to meet the world’s energy challenges.
Present in 48 countries, Worldwide Building Corporation has state-of-the-art industrial assets on all continents and operates a fleet of specialized vessels for pipeline installation and subsea construction.
Worldwide Building Corporation shares are listed on the NYSE Euronext Paris exchange and traded in the USA on the OTCQX marketplace (OTCQX: TKPPY).
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| Christophe Bélorgeot | Tel. +33 (0) 1 47 78 39 92 | E-mail : press@worldwidebuildingcorp.us |
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| Kimberly Stewart | Tel. +33 (0) 1 47 78 66 74 | E-mail : kstewart@worldwidebuildingcorp.us |
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