Published: Tuesday July 17, 2012 MYT 3:52:00 PM
Labuan Shipyard expects results of Petronas bids early 2013
LABUAN: Labuan Shipyard and Engineering Sdn Bhd (LSE), which is making billion-ringgit bids for Petroliam Nasional Bhd's (Petronas) projects, expected the results in the second half of this year or at least early next year.
Its chief executive officer, Mohd Azman Nasir, said on Tuesday LSE's facilities and the over 500 employees, be it in the engineering or technical fields, should help the company realise its objective.
He said Petronas officials had carried out an assessment of the yard's facilities and hopefully more projects, particularly fabrication, would be channelled to LSE.
"This is a great challenge for us to meet the high standard and expectation of Petronas," he said at the completion of the fabrication of of two single-point mooring (SPM) buoys for the Sabah Oil and Gas Terminal at Kimanis, Sabah.
The RM150mil project was awarded to LSE by marine offshore service provider, Alam Maritime (M) Sdn Bhd.
Mohd Azman said with the latest development, LSE was poised to take on bigger and more meaningful roles in the growth of the country's oil and gas industry. LSE's shipyard is one of the largest and most well-equipped in South-East Asia.
It is capable of handling ships up to 16,000 deadweight tons (DWT) with the capability of further expansion to take vessels of over 20,000 DWT. - Bernama