September 20, 2013

Wah Seong Bags RM232mil Petronas Carigali Contract

Wah Seong Corporation Bhd’s pipe-coating unit has bagged a RM232.10mil  to provide its anti corrosion coating to Petronas Carigali Sdn Bhd’s 250km network of pipes.

Wah Seong said on Friday the contract was to provide the anti corrosion coating, internal flow coating and concrete weight coating for the EVA-NMB gas delivery system project.

“The contract involves coating of approximately 250 km of pipes. Activity is expected to commence in the fourth quarter of 2013 and be completed by the second quarter of 2014,” it said.

Wah Seong said the contract was expected to contribute positively to the group’s earnings over the contract period. The contract is project specific and is not renewable, it added.

To recap, the gas delivery system is within the North Malay Basin, a new integrated gas development project in Peninsular Malaysia.

This project would involved the development and commercialisation of nine stranded gas fields together with the development of a new gas gathering, processing and transportation hub.

It added the project would involve the construction of 300km of pipeline and a new onshore slug catcher that will consist, among others, of an acid gas removal system that applies the membrane technology for acid gas removal co-owned by Petroliam Nasional Bhd, the first of its kind to be used onshore. 

Source: The Star