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Barakah ties up with China heavy lift firm

Barakah ties up with China heavy lift firm
Barakah Offshore Petroleum has its sets sights set on bigger projects after its PBJV Group unit signed a memorandum of understanding (MoU) with Hilong Marine Engineering (HK) Ltd for opportunities related to offshore transportation and installation (T&I) projects, the company said in a stock market announcement.

Barakah said the projects were for platform heavy lifts and pipelay as well as full engineering, procurement, construction, installation and commissioning for offshore oil and gas field development projects.

Hilong brings to the table its 3,000-ton capacity heavy lift and pipelay installation vessel Hilong 106 that is designed for shallow to mid water operations while Barakah will contribute its own offshore assets, such as the 280-ton Kota Laksamana 101, and local capability.

PBJV president and ceo Rasdee Abdullah said: “We are optimistic that the co-operation will support Barakah’s ambition to move up the value chain.

”Hilong executive director Wang Tao added: “This is a great step forward for the development of Hilong Group’s international footprint, especially in the offshore oil and gas industry.“We are excited about the prospects of the regional oil and gas industry, with Malaysia as our maiden foray,” he said.