In a filing with Bursa, MHB said the contract is to undertake the provision of engineering, procurement, construction and installation (EPCI) of five wellhead platforms, five subsea pipelines and host tie-ins works.

“The EPCI contract is for the Joint Development Area (JDA) Field Development Project (Phase 6) located in the Malaysia-Thailand Joint Development Area (MTJDA).

“The contract scope of work involves the construction of five wellhead platforms and once completed, the platforms will be installed in a water depth ranging between 55m and 65m in the area under B-17-01 south of the Gulf of Thailand, off the coast of Thailand and Malaysia,” it said.

MHB MD and CEO Pandai Othman said this is the third major win after having won two projects within the last one-year period, namely the Rosmari-Marjoram and Kasawari Carbon Capture and Storage (CCS) projects from Shell and Petronas respectively.

He said these new developments signify the recovery of the oil and gas industry in the region after a period of slowdown due to the pandemic.

“We are prepared for a busy time ahead for the industry by reactivating the East Yard as prompt and ready response for upcoming demand.

“We are honoured to be entrusted with such a significant project from CPOC and to contribute to the success of lasting diplomatic ties between Thailand and Malaysia,” he said.