Local contractors may be picked over international players for part of contract

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Petronas Tower

Petronas may pick one of the three smaller Malaysian players for at least one of five contracts reportedly valued at a combined 1 billion ringgit ($849 million).

Sources said the move will be in line with the push to nurture more local installation contractors.

The three Malaysian players, PBJV, Sigur Ros and Master Offshore, have submitted bids for up to three of the five packages against the bigger boys, SapuraCrest’s affiliate, TL Offshore, J Ray McDermott and Global Industries.

However, industry observers said the challenge also remains for these relatively new players to supply the necessary manpower and suitable vessels to meet the tender requirements.

All three are gunning for the first two pipelay contracts.

PBJV is confirmed to have teamed up with Hyundai Heavy Industries. The duo is offering PBJV’s newbuild KL 101 and HHI’s derrick lay barge, HD 423.

Sigur Ros is said to be pitching Sime Darby’s first derrick lay barge, now under construction in China.

Master Offshore has offered a 2002-converted derrick lay barge to be renamed Mas Mulia for the two packages as well as a third platform and pipelay contract.

Only six of the seven invited contractors have responded to Petronas’ invitation to bid for the five contracts under an umbrella tender organised on behalf of 11 PSC operators.

Saipem has pulled out of the race to concentrate on projects elsewhere in Asia, according to industry sources.

Commercial bids are expected to be open later this month with the contracts to be awarded as early as October.

www.upstreamonline.com

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