Scomi secures contract in Turkmenistan

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Scomi secures contract in Turkmenistan

ARCHIVES 2007

Tuesday, 01 January 2008 Dreadnought

Scomi Group Bhd (”Scomi”) which is listed on the Main Board of Bursa Malaysia has secured a contract valued at approximately RM157 million in Turkmenistan for the provision of ntegrated services in Drilling Fluids (”DF”) and Drilling Waste Management (”DWM”) . The scope of the contract includes the provision of mud chemicals, mud engineering services, sollids control services, skip rentals and thermal plant services. This contract that was awarded by Petronas Carigali Sdn Bhd in Turkmenistan is the single argest contract awarded to Scomi in Turkmenistan thus far.

This is the third contract awarded to Scomi by the same customer, and it reflects the customer’s confidence in Scomi’s ability to provide sound technical integrated services in DF and DWM. The contract is for a duration of three years from May 2008. With this contract, Scomi has captured more than 80% share in both the DF and DWM market in urkmenistan for up to two years. Furthermore, the contract is further testimony that can be added to its portfolio for future independent oil companies coming to Turkmenistan.

Although Scomi only started operations in Turkmenistan at the end of 2005, it has made major inroads into the country with a total of approximately RM201 million worth of contracts secured in 2007 up todate. Scomi’s presence in Turkmenistan is supported by a diversified customer base.

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Comments (4) Add Comment

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written by Sunnysoul5, December 31, 2007 10:03:42

For more than 20 years the families and business associates (maybe proxies)of the powerful politicians have been getting lucrative big projects, and by definition this is not considered to be corruption in Malaysia. In order to stop this culture, there must be new policies and rulings for the immediate family members and relatives to be involved in government projects directly or indirectly. The local banks have this long standing ruling, but how much it is being adhered to is difficult to establish.

If this ruling is in place, then Singaporeans will argue that Senior Lee should not allow most of the housing loan agreements to be done by his family.

It is not easy to control corruption, but it is possible to restrain or reduce it to a reasonable acceptable level.

+1

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written by kksam, December 31, 2007 09:52:26

A classic example how BN enrich their crony. in this case, it's a fullfill my pocket money by Pak Lah. It makes no different between SIL and FIL. All money goes to the same family. And if you question him like TDM, he will said "Your son also get government contract what or your son get more contract than my son". so malaysian keep vote for BN if you like to enrich their crony while we might went bankrupt if they reduce oil price.

+3

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written by Bukit Chandan, December 31, 2007 09:43:27

Pete,

Lately, we are seeing that the Government of Malaysia is trying to frighten her citizens. Islam does not preach to make a human being be frightened of another human being. Islam preaches that a human being should be frightened of Allah s.w.t. only. In that way, a Muslim will not do wrongful deeds. We believe that all other religions also have this universal concept. So, we strongly urge the Government of Malaysia to immediately stop frightening the people.

From time to time, we will publish our C-List. Today, the following is the latest list:

No. Name Role Date Logged
----------------------------------------
1. Khairy Jamaluddin Abu Bakar UMNO 21-Nov-07
2. Musa Hassan IGP of RMP 21-Nov-07
3. Ahmad Said Hamdan DG of ACA 21-Nov-07
4. Abdul Rashid Abdul Rahman Chairman of EC 21-Nov-07
5. Noor Hisham Yusoh UMNO 21-Nov-07
6. Wan Mohd Safiain Wan Hasan UMNO 22-Nov-07
7. Mohd Johari Baharum Deputy Minister of Internal Security 22-Nov-07
8. Zakaria Md Deros UMNO22-Nov-07
9. Mohd Khir Toyo MB of Selangor 22-Nov-07
10. Khalil Yaakob MB of Pahang 22-Nov-07
11. Osu Sukam PBS 22-Nov-07
12. VK Lingam Lawyer 22-Nov-07
13. Musa Aman CM of Sabah 22-Nov-07
14. Ramli Yusoff Director of CCD RMP 23-Nov-07
15. Abdul Taib mahmud CM of Sarawak 23-Nov-07
16. Vincent Tan Gambling Kingpin 27-Nov-07
17. Tengku Adnan Tengku Mansor Minister of Tourism 27-Nov-07
18. Chong Kah Kiat Ex-CM of Sabah 19-Dec-07
19. BK Tan Organized Crime Syndicate 23-Dec-07
20. CP Goh Organized Crime Syndicate 23-Dec-07
21. Abdul Ghani Patail Attorney General 23-Dec-07
22. Christopher Wan Soo Kee Director of CID RMP 23-Dec-07
23. Kalimullah Hassan Advisor of PM 28-Dec-07
24. Zaki Azmi Advisor of PM 28-Dec-07
25. Omar Ong Advisor of PM 28-Dec-07
26. Norza Zakaria Advisor of PM 28-Dec-07
27. Rafidah Aziz Minister of International Trade and Industry 31-Dec-07
29. Azalina Othman Minister of Youth & Sports 31-Dec-07
30. Mahathir Mohamad Ex-PM of Malaysia 31-Dec-07

Best Regards.........
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+1

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written by Legion, December 31, 2007 08:59:00

So thats how the government awards contracts to the PM's son, through overseas projects from Malaysian companies... Hidden easily, only business people will read through the business sections of international newspapers will know of this while the general public remains ignorant of this.