T7 Global, Kelington bag fresh contracts

by ANIS HAZIM & AZALEA AZUAR / pic by TMR FILE 

T7 GLOBAL Bhd’s wholly-owned subsidiary, Tanjung Offshore Services Sdn Bhd, secured three contracts worth RM300 million for operations and maintenance works and specialist products segment. 

The awards were from Petroliam Nasional Bhd (Petronas) and Carigali Hess Operating Company Sdn Bhd, according a T7 Global’s statement yesterday. 

Its sub-subsidiary, T7 Wenmax Sdn Bhd, received a contract from Repsol Oil and Gas Malaysia Ltd for the specialist products segment. 

“Tanjung Offshore together with its technology partner, Siemens AG, will work together to provide distributed control systems solutions for Package A (Downstream), and Package B (Upstream and Petroleum Arrangement Companies [PACs]),” T7 Global said. 

The energy solutions provider noted that the coverage is for all of Petronas and PACs’ onshore and offshore locations throughout Malaysia. 

T7 Global chairman Datuk Seri Dr Nik Norzrul Thani Nik Hassan Thani (picture) said the contracts are a huge win for the group as it continues to grow its capability in specialist products to offer innovative solutions to reputable clients such as Petronas and other PACs. 

The Carigali contract sees Tanjung Offshore provide topside construction and maintenance services for Carigali’s gas facilities located in Block A-18 administered by the Malaysian-Thailand Joint Authority. 

The block is located 150km off Kota Baru in 60m of water. 

This is the second award contract by Carigali after the onshore fabrication, offshore hook-up and commissioning for infill flowlines contract clinched in March 2020. 

T7 Wenmax will provide the sales gas metering upgrade for Bunga Raya A facility managed by Repsol. 

“With these contracts, our orderbook has swelled to RM2.3 billion and our energy division will be expanding over the next couple of years executing these projects,” Nik Norzrul said. 

The contracts are expected to contribute to T7 Global’s earnings and net assets for the next five years. 

Meanwhile integrated engineering solutions provider Kelington Group Bhd stated that its wholly-owned subsidiary, Kelington Engineering (S) Pte Ltd, has been awarded a contract worth RM85 million to provide ultra-high purity solutions for a semiconductor wafer fab in Singapore. 

The contract was awarded by a global leader in engineering and project management of high technology facilities in which its high-end customer is a US semiconductor company. 

Kelington would be involved in the designing, supplying, delivering, installation and testing of specialty gas distribution works for the semiconductor wafer fab which would be commenced immediately this month and expected for completion in August 2030. 

Kelington CEO Raymond Gan said the repeat orders from the client is a testament to the company’s strong capabilities and track record in delivering high-quality output in a timely manner. 

Kelington remains positive on its prospects underpinned by buoyant orderbook replenishment throughout the year arising from the prevailing semiconductor shortage. 

“As semiconductor players around the world are expanding aggressively to alleviate the shortage, we have received numerous tender invitations. 

“We are glad our increased effort in tender participation across our key operating markets has turned fruitful as our total new orders clinched so far this year has doubled compared to the prior year,” Gan concluded. 

Kelington has successfully taken up orders worth RM1 billion in 2021, boosting its outstanding orderbook to RM1.04 billion. 

Kelington recorded a revenue and net profit of RM337.6 million and RM20.9 million, respectively, for the nine months of the financial period ended Sept 30, 2021.