Surbana Jurong and MOSB Ltd. have signed an agreement to design an Offshore Supply Base in Mon State, Myanmar the companies said on Jan. 25.
The agreement was signed between Teo Eng Cheong, CEO International of Surbana Jurong Pte Ltd. and Leonard Oh, executive chairman of MOSB Ltd.
The oil and gas industry is an important and fast-growing industry in Myanmar, contributing 23.6% of Myanmar’s total revenue. MOSB received approval from the Myanmar Investment Commission in July 2017 to construct and operate an OSB in Mon state.
Under this agreement, Surbana will be providing engineering and marine consultancy, environmental social impact assessment study and project management to support MOSB in the development of this OSB.
Surbana will leverage its global experience and sterling track record in the oil and gas sector to support MOSB’s vision of a fully integrated facility that will provide total logistics solutions to oil and gas customers, while at the same time improve the infrastructure in the region.
“We are very pleased to sign this agreement with Surbana Jurong, as we are confident that with the expertise and experience of Surbana Jurong, our base will be meeting international standards in design, Leonard Oh, executive chairman of MOSB, said.
“By working together, we can create a much greater impact to further develop the local and national economy. The development of the OSB will in turn, assist to empower the local community through the support of both infrastructure and social needs,” Oh added.
“Surbana Jurong is proud to contribute our expertise to support the burgeoning oil and gas industry in Myanmar, an important economic contributor to the nation. Backed by our track record and capabilities, we are able to offer unique complete value chain services from feasibility studies and concept design to engineering and construction supervisory, across a diverse range of infrastructure projects globally, Wong Heang Fine, Surbana Jurong’s group CEO, said.
“On the oil and gas front, we played a crucial role in the successful development of Singapore’s Jurong Island Petrochemical Hub and Jurong Rock Caverns, Southeast Asia’s first underground rock cavern for oil storage. We will leverage our global experience for the success of this project, to add another milestone to both MOSB and Surbana Jurong’s history,” Fine said.