KPOC files RM125mil claim against MMHE subsidiary
PETALING JAYA: Kebabangan Petroleum Operating Co (KPOC) has filed a RM125mil claim against Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE) over a contract dispute at an oilfield north of Sabah.
In a filing with Bursa Malaysia, MMHE said its major subsidiary - Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE Sdn Bhd) - had received a notice of arbitration dated March 13 from KPOC.
The first contract was for the fabrication of the topsides for the Kebabangan field, about 135km northwest of Kimanis, Sabah, betweem KPOC and Sime Darby Enginering Sdn Bhd. The contract was dated Sept 20, 2011.
The second was a novation agreement in relation to a contract, dated March 30, 2012 between KPOC, Sime Darby Engineering and MMHE’s unit.
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