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| (From left): Iler, Tok Bali Supply Base Sdn Bhd chairman and director Tengku Datuk Mohamad Rizam Tengku Abdul Aziz, Mustapa and Malaysian Investment Development Authority chief executive officer Datuk Azman Mahmud. |
KUALA LUMPUR: The Tok Bali Supply Base (TBSB) in Pasir Puteh, Kelantan, which
will begin operations in April to support oil and gas (O&G)
activities off the state’s coast, is expected to attract up to RM1bil
worth of investments in the next three years.
“At present, over 100 companies have expressed interest to invest in Tok Bali. In the next two to three years, we expect RM500mil worth of investments, which can go up to RM1bil, depending on how fast they build the facilities,” International Trade and Industry Minister Datuk Seri Mustapa Mohamed said at a press conference yesterday on the supply base’s progress.
“Employment opportunities are also expected to rise with a mix of 60% skilled and 40% unskilled workers,” he said.
The licences and certification from Petroliam Nasional Bhd and relevant government agencies were obtained last month.
Mustapa said with the approvals, TBSB would be in a position to develop the 328-acre site and attract providers of support services to the offshore O&G industry players.
“Tok Bali will be the third O&G supply base in Malaysia aside from the 30-year-old Kemaman and Labuan supply bases.
“With this project, Kelantan is set to attract direct and indirect investments, which will spur economic activities in the state,” Mustapa said.
Since TB Supply Base Sdn Bhd (TB Supply) took over the Tok Bali port operations in July last year from ECT Sdn Bhd, the company has invested about RM90mil to develop the first phase of the project, which is now completed with an all-weather jetty/quay/wharf with a total of 500m and 7m draft that provides berthing space for five supply boats.
Mustapa said that with the Government’s approval in facilitating the port, TB Supply was on track with its partners to spend an additional RM100mil this year on the project, which was conceived four years ago.
Meanwhile, TB Supply chief operating officer Jim Iler said the RM100mil investment this year would encompass constructing six additional warehouses, new office buildings, a new customs and immigration building, security offices and a three-storey canteen to service O&G players, among others.
“The master plan for the three-phase project (Phase 1 & 2 – O&G Supply) and commercial port (Phase 3) is expected to be ready in April, after which TBSB will be breaking ground during the same time, on its customs and immigration building, new offices, canteen and rigging loft (all of which cost approximately RM30mil),” he said, adding that it expected to invest RM200mil in 2016 for O&G facilities.
Iler said the present low oil price would help companies that were looking for alternatives to save cost, as they wanted to get to a closer facility where resources could be delivered to them at much cheaper rates.
“TBSB can complement the congestion and delay currently faced in the Kemaman Supply Base. We are currently in talks with 10 other O&G listed companies; we hope to see some results soon,” he said, adding that TB Supply had invested RM39mil to construct a mud plant, which it would operate.
Additionally, he said, TB Supply was in talks with a manufacturer to set up a RM340mil pipe-coating facility in TBSB that would require 80 acres.
Last month, it had secured a RM16mil tank farm (fuel and water) deal with Ahmad Zaki Resources Bhd.
“At present, over 100 companies have expressed interest to invest in Tok Bali. In the next two to three years, we expect RM500mil worth of investments, which can go up to RM1bil, depending on how fast they build the facilities,” International Trade and Industry Minister Datuk Seri Mustapa Mohamed said at a press conference yesterday on the supply base’s progress.
“Employment opportunities are also expected to rise with a mix of 60% skilled and 40% unskilled workers,” he said.
The licences and certification from Petroliam Nasional Bhd and relevant government agencies were obtained last month.
Mustapa said with the approvals, TBSB would be in a position to develop the 328-acre site and attract providers of support services to the offshore O&G industry players.
“Tok Bali will be the third O&G supply base in Malaysia aside from the 30-year-old Kemaman and Labuan supply bases.
“With this project, Kelantan is set to attract direct and indirect investments, which will spur economic activities in the state,” Mustapa said.
Since TB Supply Base Sdn Bhd (TB Supply) took over the Tok Bali port operations in July last year from ECT Sdn Bhd, the company has invested about RM90mil to develop the first phase of the project, which is now completed with an all-weather jetty/quay/wharf with a total of 500m and 7m draft that provides berthing space for five supply boats.
Mustapa said that with the Government’s approval in facilitating the port, TB Supply was on track with its partners to spend an additional RM100mil this year on the project, which was conceived four years ago.
Meanwhile, TB Supply chief operating officer Jim Iler said the RM100mil investment this year would encompass constructing six additional warehouses, new office buildings, a new customs and immigration building, security offices and a three-storey canteen to service O&G players, among others.
“The master plan for the three-phase project (Phase 1 & 2 – O&G Supply) and commercial port (Phase 3) is expected to be ready in April, after which TBSB will be breaking ground during the same time, on its customs and immigration building, new offices, canteen and rigging loft (all of which cost approximately RM30mil),” he said, adding that it expected to invest RM200mil in 2016 for O&G facilities.
Iler said the present low oil price would help companies that were looking for alternatives to save cost, as they wanted to get to a closer facility where resources could be delivered to them at much cheaper rates.
“TBSB can complement the congestion and delay currently faced in the Kemaman Supply Base. We are currently in talks with 10 other O&G listed companies; we hope to see some results soon,” he said, adding that TB Supply had invested RM39mil to construct a mud plant, which it would operate.
Additionally, he said, TB Supply was in talks with a manufacturer to set up a RM340mil pipe-coating facility in TBSB that would require 80 acres.
Last month, it had secured a RM16mil tank farm (fuel and water) deal with Ahmad Zaki Resources Bhd.
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