The board has approved about RM160 million for the workshop and about RM200 million for the bulkhead and dredging," its marketing and sales general manager Manoel Gomes told reporters in Pasir Gudang on Nov 27.
We need to expand our steel works capacity, the seafront needs a new bulkhead to load up to 40,000 tonnes, and we need people (and their expertise)," Gomes
"This development will be over the next two to three years over two to three phases," he
said Petronas wanted MMHE
to be a deep sea centre of excellence and that the company had already got a lot of yard optimisation work done such as, the setting up of a cryogenic workshop. He
said the company's focus had shifted from being a shipbuilder to a company that concentrated on niche projects.
"The margins are much better for niche projects like semi-subs, FPSOs (floating, production, storage and offloading) and FSOs (floating, storage and offloading) but we may consider building ships, provided they are within the cluster of energy projects," he
said the company, which had the facilities to refurbish and upgrade two liquefied natural gas (LNG) tankers at a time at its 123ha facility, also wanted to tap into the potential of such a market.
"Normal tankers cost, on average, about RM2 million to repair.LNG tankers cost more.Also, our proximity to Singapore, where a lot of companies have their regional offices, is an advantage," he