Offshore Construction in Malaysia - 1775 Words

Offshore Construction in Malaysia Petroleum is essentially the most important commodity in the world today. In almost all form of transportation, oil or petrol, derived from crude petroleum, is used to move people and the importance of petrol is seen with the establishment of offshore drilling structure fabricator and its the supporting industries in Malaysia. As of today, there are 7 of such yards in Malaysia that is capable of fabricating offshore structure. The world’s pricing mechanism of petroleum is determined by OPEC (Organization of the Petroleum Exporting Countries) and is quantified by barrels of crude oil. At peak, price of crude oil is USD147.27 per barrel in July 2008 following concern of an impending missile test by†¦show more content†¦Keppel FELS is among the first few fabricators in Singapore that has embraced new welding technology such as the use of high deposition submerged arc welding consumables. The way this high deposition submerged arc welding consumables work is that it uses the very same machinery, very same set of welding parameters, same operator skills and the characteristics of this consumables enables it to be welded much faster than other brand of welding consumables of the same specification. A comparison report was done on the use of this high deposition wire against competitors generic wire clearly shows that this high deposition wires saved the customer 135 minutes in welding a 0.95 m eter length metal. (Michael, p.2). KFELS is estimated to have 50 of such machines that are able to use this high deposition wires which translates to a saving of 6,750 minutes when welding a 0.95m length of metal. Suffice to say, from a time saving factor point of view, the offshore fabricators in Malaysia would lag behind in terms of time taken to complete. As of today, no Malaysian fabricators have yet to incorporate these welding consumables in their project, although it’s proven the time saved when using these high deposition wires far outweigh the initial purchase cost of it. Along with the time saving factor, fabrication yards in Batam Island are known to review their welding process from time to time and select the most cost saving weldingShow MoreRelatedLm of Finance1012 Words   |  5 Pagesbecome integrated maritime, offshore floating solution, heavy engineering and logistics service provider. This made misc become a subsidiary of PETRONAS in 1988, a move that produced synergistic benefits especially in the field of oil and gas transportation. Misc also is the world leading LNG owner operator with over two decades of proven experience for safely, reliability. They are forging partnerships in technologies advancement to offer LNG technology solution and new offshore applications. 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