Positioning as total engineering solution provider covering onshore and offshore services across the upstream, midstream and downstream value chain
Owning an asset of fabrication yard better edge in project bidding, targeting mid-to-long term growth opportunities
Potential
Sizeable domestic and international potentials. E.g: RAPID Phase 2
RM120-200 million of existing work orders can be executed by utilising the yard facilities
Leasing to contractors for fabrication, transportation, offloading of storage jobs
To support scopes including ship repairing, integrated hook up and commissioning, decommissioning, offshore transport and installation works as well as top side maintenance
Applying license for major fabrication while other licences are in place
Investment Cost
RM320 million (including land and existing infrastructure)
