July 26, 2017 9:31 AM ET

Construction and Engineering

Company Overview of IEV (Malaysia) Sdn Bhd

Company Overview

IEV (Malaysia) Sdn Bhd offers engineering solutions to the petroleum and marine industries. The company is based in Petaling Jaya, Malaysia.

Level 2, No. 4

Jalan Bersatu 13/4

Petaling Jaya,  46200

Malaysia

Phone:

60 3 7960 9109

Fax:

60 3 7960 9108

Key Executives for IEV (Malaysia) Sdn Bhd

Chief Executive Officer
Age: 57
Compensation as of Fiscal Year 2017.

IEV (Malaysia) Sdn Bhd Key Developments

IEV Malaysia Sdn Bhd Receives 2-Year Contract to Provide Thermoplastic Coating Services

The board of directors of IEV Holdings Limited announced that, pursuant to the LOA announced on 24 March 2017, the company through its 49% associate, IEV Malaysia Sdn Bhd (IEV Malaysia), has signed a binding contract document with Sarawak Shell Berhad and Sabah Shell Petroleum Company Limited to provide Corrosion Inhibiting Spray-on Thermoplastic Coating (CIST) services in Malaysia (the Service Contract). The service contract, worth approximately up to MYR 8 million, is signed for a period of 2-years commencing 30 March 2017 with an option to extend for an additional 1-year period. The service contract will be carried out on a call-out basis. The scope of work includes the provision and application of CIST materials on selected metallic components upon the issuance of a call-out written notification from the Clients, and the provision by IEV Malaysia and its subcontractors of the requisite manpower and equipment to execute the works.

IEV Malaysia Sdn Bhd Receives Contract to Provide Thermoplastic Coating Services

IEV Malaysia Sdn Bhd received a Letter of Award for a contract to provide Corrosion Inhibiting Spray-on Thermoplastic Coating services for an established oil and gas operator in Malaysia (the "Client"). While the LOA is subject to a formal contract to be signed, it shall constitute the agreement between IEV Malaysia and the Client. The Service Contract is effective from 30 March 2017 following which the formal contract will be entered into between IEV Malaysia and the Client. Further announcements regarding the Service Contract will be made as and when appropriate.

IEV Malaysia Provides Update on the Project to Transport and Install Malikai Tension Leg Platform

The board of directors of IEV Holdings Limited announced that, on 15 May 2016, its 49% associate, IEV Malaysia, commenced mobilisation for the offshore transportation and installation of the Sabah Shell Petroleum Company Limited integrated Malikai Tension Leg Platform (TLP). The offshore transportation and installation of the anchoring piles and the TLP will be undertaken using the Sapura 3000 and Aegir construction vessels, as well a number of transportation barges and tugs. The Project commenced on 16 December 2012 and includes the transportation and installation of the integrated TLP, both Hull and Topside, inclusive of pre-installation of the TLP tendon foundation piles, make-up of tendons and pre-installation of tender assist mooring system (suction anchor piles and pre-laid mooring lines) in a water depth of approximately 500 meters. The offshore transportation and installation scope of the Project is expected to complete before the end of July 2016. The Group will be executing the Project in cooperation with Heerema Marine Contractors (HMC) of the Netherlands.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
The Advertising Council, Inc. United States
Bertelsmann AG Europe
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact IEV (Malaysia) Sdn Bhd, please visit --. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.