The group said in a stock market announcement that its unit had entered into a consortium agreement with Brooke Dockyard and Engineering Works and Samling Energy to jointly bid for O&G-related projects in Sarawak.
Upon successful award of contracts, the parties will enter into a specific project consortium agreement to execute the respective contract and determine the scope of work of each party based on their respective capability and resources, Barakah said.
“The consortium agreement is expected to enable the parties to put together competitive integrated service offerings by combining each party’s capability and resources,” it said.
Brooke Dockyard is a leading marine engineering and fabrication company involved in the engineering, procurement, construction and commissioning (EPCC) of offshore oil and gas platforms, shipbuilding and ship repair, bridges, infrastructure, and onshore manufacturing.
The yard recently tripled its capacity with the commissioning of a second yard, and has been steadily winning Sarawak-based EPCC contracts.
Meanwhile, Samling Energy, which has a 13.5% stake in Barakah, has significant O&G investments, including offshore support vessels and shipyard, and has expertise in the transport and installation, decommissioning, drilling, pipeline services, vessels construction, conversion, and repair segments.