T7 Global Berhad, an energy solutions provider, has secured two contracts worth approximately RM100mn (around US$23mn) from PTTEP Group of Companies and Hibiscus Oil & Gas Malaysia Limited.
The work with PTTEP includes the provision of headhunting and recruitment services while the second letter of award, from Hibiscus, is for the provision of facilities decommissioning services for South Angsi Alpha.
T7 Global Group Chief Executive Officer, Tan Kay Zhuin, commented, “The Hibiscus award marks an important milestone for the Company to execute offshore facility decommissioning projects of such scale. There is initiative for rig-to-reef by converting the structures into artificial reef to enhance the marine habitat at the intended location. We see this as a sustainable approach for oil & gas operators moving forward which can contribute to their Environmental, Social and Governance (ESG) agenda. Over the next few years, we will be on the lookout for more ESG related projects in the region.”
