CARIMIN (5257) - Carimin to bid for O&G jobs in Middle East via collaboration agreement
April 27, 2015 : 1:49 PM MYT
KUALA LUMPUR (Apr 27): Offshore oil and gas support services provider Carimin Petroleum Bhd has entered into a collaboration agreement (COA) with Makamin Offshore Saudi Ltd Company (MOS) and Petro Allied International DMCEST (PAI) to explore opportunities in Saudi Arabia, the Middle East, Southeast Asia and Australia.
In a statement today, Carimin said that under the exclusive COA, Carimin would provide its expertise in hook-up and commissioning (HUC) services; topside major maintenance (TMM); subsea inspection, repair and maintenance services, including chartering of marine vessels; and the provision of professional manpower.
Carimin said that MOS has expertise in offshore support vessel services, diving support services, manpower provision services, and offshore repair and maintenance services in the Kingdom of Saudi Arabia, while Middle East-based PAI and its group of companies provide offshore support vessel services, offshore transportation and installation services, inshore marine services, and decommissioning and salvage services.
The companies said the parties intend to collaborate in joint tender bidding for oil and gas activities, including offshore pipeline installation and replacement; engineering, procurement and construction projects; and construction of marine and port projects in Saudi Arabia, the Middle East, Southeast Asia regions and Australia.
Carimin managing director Mokhtar Hashim said the combination of Carimin’s HUC and TMM expertise, combined with MOS and PAI’s experience, creates a strategic alliance between leading providers to tap into the thriving opportunities in the Middle East, Australia and Southeast Asia.
He said the COA leveraged not only on the parties’ respective competencies and track records, but also to share intimate knowledge of the target regional markets.
“We are therefore optimistic that this collaboration would be a positive endeavour for us,” he said.
The parties are committed to supporting each other to be successful in the potential projects by identifying clear execution plans and promotional activities.
Carimini fell 2.83% or 3 sen to RM1.03 in the morning session today with 112,200 shares done.
http://www.theedgemarkets.com
April 27, 2015 : 1:49 PM MYT
KUALA LUMPUR (Apr 27): Offshore oil and gas support services provider Carimin Petroleum Bhd has entered into a collaboration agreement (COA) with Makamin Offshore Saudi Ltd Company (MOS) and Petro Allied International DMCEST (PAI) to explore opportunities in Saudi Arabia, the Middle East, Southeast Asia and Australia.
In a statement today, Carimin said that under the exclusive COA, Carimin would provide its expertise in hook-up and commissioning (HUC) services; topside major maintenance (TMM); subsea inspection, repair and maintenance services, including chartering of marine vessels; and the provision of professional manpower.
Carimin said that MOS has expertise in offshore support vessel services, diving support services, manpower provision services, and offshore repair and maintenance services in the Kingdom of Saudi Arabia, while Middle East-based PAI and its group of companies provide offshore support vessel services, offshore transportation and installation services, inshore marine services, and decommissioning and salvage services.
The companies said the parties intend to collaborate in joint tender bidding for oil and gas activities, including offshore pipeline installation and replacement; engineering, procurement and construction projects; and construction of marine and port projects in Saudi Arabia, the Middle East, Southeast Asia regions and Australia.
Carimin managing director Mokhtar Hashim said the combination of Carimin’s HUC and TMM expertise, combined with MOS and PAI’s experience, creates a strategic alliance between leading providers to tap into the thriving opportunities in the Middle East, Australia and Southeast Asia.
He said the COA leveraged not only on the parties’ respective competencies and track records, but also to share intimate knowledge of the target regional markets.
“We are therefore optimistic that this collaboration would be a positive endeavour for us,” he said.
The parties are committed to supporting each other to be successful in the potential projects by identifying clear execution plans and promotional activities.
Carimini fell 2.83% or 3 sen to RM1.03 in the morning session today with 112,200 shares done.
http://www.theedgemarkets.com
