Sources say there has been talk of delays in the progress of Petronas Carigali Sdn Bhd’s Sabah Oil and Gas Terminal (SOGT) project that could potentially cast a shadow over the state’s petroleum developing progremmes. However, Petronas Carigali has brushed off talk of any delays on the US$766 million project.
To recap, the award of the SOGT project had raised eyebrows when it was announced in Aug 2010. The job was given to Sawarak based construction and property firm Naim, instead of Dialog and Kencana. Naim holds a 34% stake in Dayang, which is a brown field hookup and commissioning service provider in the O&G industry.
Naim’s subsidiary landed the job to provide engineering, procurement, construction and commissioning EPCC services for the SOGT project.
Naim’s management had guided that the company will have a 30% equity stake in the JV with Samsung Engineering to develop SOGT.
Market talk then was that Naim had secured the job because of its influence at the state and federal government levels. Naim has long seen as linked to Sawawak Chief Minister Tan Sri Abdul Taib.
Taib’s cousin is Naim’s chairman and holds 16% in Naim.
To recap, the award of the SOGT project had raised eyebrows when it was announced in Aug 2010. The job was given to Sawarak based construction and property firm Naim, instead of Dialog and Kencana. Naim holds a 34% stake in Dayang, which is a brown field hookup and commissioning service provider in the O&G industry.
Naim’s subsidiary landed the job to provide engineering, procurement, construction and commissioning EPCC services for the SOGT project.
Naim’s management had guided that the company will have a 30% equity stake in the JV with Samsung Engineering to develop SOGT.
Market talk then was that Naim had secured the job because of its influence at the state and federal government levels. Naim has long seen as linked to Sawawak Chief Minister Tan Sri Abdul Taib.
Taib’s cousin is Naim’s chairman and holds 16% in Naim.
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