KKB’s Ocean Might completes first ECP project
KUCHING: OceanMight Sdn Bhd (OceanMight) has officially completed its first Engineering Construction and Procurement (ECP) project – the Kinabalu Redevelopment Wellhead Topside and Jacket.
With its completion, the topside of the wellhead platform has been loaded out and is due to set sail while its jacket – which has been completed earlier this month – is already undergoing installation at its location within the Kinbalu field located 55km west-north of Labuan.
The platform is expected to contribute to a combined production of 15,000 barrels of oil per day and non-associated Gas of 30 million standard cubic feet per day (MMscfd) for the Kinabalu field.
First oil is expected to be seen in the subsequent financial quarter.
According to OceanMight, which is the associate company of KKB Engineering Bhd (KKB), the project was awarded to their group back in July 2015 by Repsol Oil and Gas Malaysia Ltd (Repsol).
Subsequently, the group received another contract award from Repsol in May 2016 for the ECP works of its Bunga Pakma wellhead riser project.
Speaking during a ceremony held at OceanMight’s fabrication yard yesterday, Datuk Kho Kak Beng, chief executive officer (CEO) and director of OceanMight thanked Repsol for allowing the group to continue their foray into the oil and gas (O&G) industry which begun two years ago during OceanMight’s inception.
“I am very thankful to Repsol for their trust in us and their award of these two projects to us as the undertaking of the projects has allowed us to improve ourselves further within the O&G industry in a short amount of time.
“Additionally, the two projects have also helped us contribute to making Sarawak a developed state as we have hired over 800 local Sarawakians to work on the projects.”
Kho, who is also the group managing director of KKB, added that the subcontractors employed were also mostly Sarawak-based companies which further added to the enrichment of the local economy that the projects have brought.
Despite the ECP works for the Kinabalu Redevelopment project being new to OceanMight, the group was able to complete works on schedule with a commendable safety record of 1.3 million man hours with zero lost time injury.
OceanMight’s chief operating officer (COO) Ashram Assai Abdullah, explained that the group was able to achieve the impressive feat through proper project planning and development.
“There were no difficulties with the project and everything ran very smoothly. Prior to initiating the project, we crafted a very experienced project management team to help implement the project while leading and guiding the rest of our team.
“Our successful performance is also attributed to our facilities available at our fabrication yard.”
Ashram went on to add that the group has also been able to form a very good team of welders that have enabled them to achieve a very low reject rate of 0.002 per cent in duplex welding which is utilised in the Bunga Pakma ECP works.
Besides emphasis on human capital, Ashram guided that the group’s performance is also attributed to their facilities available at their fabrication yard.
“Our concept of fabrication yard is all weather work condition and automation and when compared to other yards within the country, we can be considered to be one of the top-notch in terms of facilities.”
Meanwhile, ECP for the Bunga Pakma is currently around 60 per cent in progress and is slated to be completed and loaded out by July 2017 to its installation site at Bunga Pakma fiel, Block PM-3 within the share Malaysia and Vietnam Zone.
The wellhead is designed a s minimum gas facility with a throughput capacity of 160MMscfd and first gas is expected to be seen in October 2018.
With the completion of Bunga Pakma in July, OceanMight will have no more on-going projects.
Koh, however, guided that the company is currently in the process of bidding for more projects and if successful, work at their fabrication yard is expected to commence once again by the end of the year.
I am very thankful to Repsol for their trust in us and their award of these two projects to us as the undertaking of the projects has allowed us to improve ourselves further within the O&G industry in a short amount of time. Datuk Kho Kak Beng, OceanMight CEO and director