MHB Awarded RM278 Million F14/F29 Topsides, Substructure And Process Module Contract By Shell

Malaysia Marine and Heavy Engineering Holdings Berhad (“MHB”) announces that its wholly owned subsidiary, Malaysia Marine and Heavy Engineering Sdn Bhd, has successfully bidded for the F14/F29 project award which comprises three (3) structures by Sarawak Shell Berhad (“SSB”). The combined contract value of the project is RM278 million. Mr. Dominique de Soras, Managing Director & Chief Executive Officer of MHB shared, “We are honoured to be awarded another project by a member company of Shell. With the addition of F14/F29 topsides, substructure and process module contract, MHB would have two projects being fabricated simultaneously at our MMHE West Yard – the other being the Gumusut-Kakap Floating Production System. The F14/F29 would enhance the production of gas in Sarawak as these structures would be installed at gas field located at a water depth of about 320 feet when they are completed in about a year’s time.”