KUALA LUMPUR: Ocean Vantage Holdings Bhd‘s wholly owned subsidiary Ocean Vantage Engineering Sdn Bhd has clinched a RM71.3mil contract to offer civil, constructing and piling works for a brand new onshore gasoline plant owned by Petroliam Nasional Bhd often called Fuel Gross sales Amenities 2 at Bintulu, Sarawak or BAGSF-2 .
The contract was awarded by Petrofac Engineering Companies (Malaysia) Sdn Bhd, the primary contractor of the gasoline plant.
In keeping with Ocean Vantage, the short-term web site services works are anticipated to be accomplished by June 2, 2022, whereas the civil, constructing and piling works are slated to complete by April 30, 2023.
““We’re very honored to be chosen by Petrofac Malaysia to take part on this large-scale gasoline plant in Bintulu that has capability of 390 million normal cubic ft per day (MMSCFD) upon completion,” stated Ocean Vantage government director Stephen Yau Kah Tak in an announcement.
He famous that the contract is a breakthrough for the corporate into the downstream oil and gasoline section, because it strives in the direction of a extra balanced publicity in each upstream and downstream segments.
Yau stated amid the oil and gasoline exercise in Sarawak and Bintulu, he’s assured of securing extra jobs within the close to future.