11 Februari 2015

AZRB to invest RM15mil in supply base

KUALA LUMPUR: Ahmad Zaki Resources Bhd (AZRB) will invest between RM12mil and RM15mil in new fuel and potable water bunkering facilities at the Tok Bali Supply Base in Kelantan. 

According to chief operating officer Datuk Roslan Jaffar, the group would ride on the oil and gas (O&G) activities around the Malaysia-Thailand Joint Development Area, as well as the Malaysia-Vietnam Commercial Arrangement Area. 

The Tok Bali supply base is expected to create savings to production sharing contract (PSC) players operating in the areas to refuel and replenish their supplies due to the short voyage distance.

Currently, they have to sail as far as Kemaman, also a supply base managed by AZRB, or another supply base in Thailand.

“This new supply base is expected to complement our Kemaman operations, as it can get quite congested there,” he told reporters after the signing ceremony of a sub-lease and throughput agreement between the Tok Bali supply base and AZRB unit Astral Far East Sdn Bhd. 

The PSC customers who are expected to utilise the Tok Bali supply base included Petronas Carigali, Hess Exploration, Carigali Hess and Talisman.

On construction, Roslan confirmed that the RM1.55bil East Klang Valley Expressway (EKVE) project awarded to AZRB would go ahead as scheduled. 

It was reported that the EKVE was one of the projects that could be delayed prior to the announcement of the Budget 2015 review recently. 

AZRB is also part of the consortium alongside Salcon Bhd and MMC Corp Bhd that had been awarded an RM993.8mil contract to build the Langat 2 water project last year. 

Source: The Star | 29 January 2015

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