KNM Group Bhd has received order from Single Buoy Mooring Inc (“SBM Offshore”) to supply PME pressure vessels separators for the Prosperity Floating Production, Storage and Offloading vessel (FPSO) Project.
In a statement to Bursa Malaysia, KNM announced that its wholly-owned subsidiary, KNM Process Systems Sdn Bhd (“KNMPS”), had on 13 August 2020 received a Purchase Order for the above order amounting to USD 4,081,630 (equivalent to approximately MYR 17,132,641.93 based on the exchange rate of USD 1.00 : RM 4.1975).
FPSO Prosperity is expected to be deployed for Payara Development project located in the Stabroek block in Guyana. SBM Offshore was awarded the contracts to perform Front End Engineering and Design (FEED) for the FPSO by ExxonMobil subsidiary Esso Exploration and Production Guyana Limited (EEPGL) in November 2019.
About
KNMPS was incorporated as a private limited company under the laws of Malaysia on 28 June 1990 and it is principally involved in the design, engineering, procurement and manufacturing of process equipment, including without limitation pressure vessels, reactors, columns and towers, drums, heat exchangers, air finned coolers, process gas waste heat boilers and specialized shell and tube heat exchangers, condensers, spheres, process tanks, mounded bullets, process skid packages and turnkey storage facilities as well as technical and project management services in relation to process equipment, plant facilities and general facilities for the oil, gas, petrochemicals, minerals processing and renewable energy industries worldwide inclusive of solar PV installation work and solar leasing.
SBM Offshore, a company incorporated in Switzerland and headquartered in Amsterdam is principally involved in the design, supply, installation, operation and the life extension of floating production solutions for the offshore energy industry.
