ZLBT Chats

Wednesday, June 10, 2009

3697 OILCORP >>> Trading Buy

OilCorp was incorporated on 12 July 2001 and assumed its present name since inception. OilCorp is principally an investment holding company whilst its main subsidiary companies, Oil Line Engineering and Associates Sdn Bhd are principally involved in providing services mainly to the needs of oil and gas, petrochemical, power generation, semiconductor and other related industries. Its other subsidiary namely, Ascentland is involved in property development, resort operation and property investment.

OilCorp Berhad oil and gas arm main subsidiary, Oil-Line was incorporated in Malaysia on 21 February 1990 as a service provider to the oil and gas industry for both downstream and upstream sectors. Oil-Line has five operating subsidiary companies and has developed from a modest engineering service provider and supply of specialist in 1990 to an integrated EPC (denotes Engineering, Procurement and Construction) service provider.

Core Business
Oilcorp Group is a well-diversified group of companies involved in three (3) core business activities, i.e. oil & gas, special projects, hotel, resort operation and property investment, and deep-sea fishing. While the oil & gas special projects are specific in nature, both the hotel and property investment and deep-sea fishing activities provide the Group with steady streams of recurring income.
Selected major projects (Offshore)
1. Engineering, Procurement, Fabrication and Commissioning of Fuel Gas Heat Exchanger for Helang Offshore Platform, E6080
2. Engineering (Process/Mechanical), Procurement, Construction and Testing of Fuel Gas Skid for E11K-A
3. Project Management Consultant Services for Rezak Compressor Modules Project
4. Engineering Process and Mechanical, Procurement, Fabrication and Testing of Heat Exchanger for Larut Offshore Platforms
5. Engineering Process and Mechanical, Procurement, Fabrication and Testing of 11 units of Heat Exchangers for Angsi Development Project
6. Detailed engineering for multi-discipline and project management works for Lawit "A" Production Modules
7. EPC of Jacket and Topside for Chermingat 'A' for Newfield Peninsular Malaysia Inc.
8. Engineering, Procurement, Installation and Commissioning for NF-A (PS-4) Topsides Upgrade for Qatar Petroleum
9. RBDP-B Topsides Ruby Full Field Development Project Stage 1 - Utility Gas Conditioning Skid, The Republic of Vietnam

Selected major projects (Onshore)
1. Engineering, Procurement, Fabrication and Commissioning of LPG Bottling Plant for Bintulu, Sarawak including refurbishment of 4 units of bullet tanks Oil & Gas
2. Engineering, Procurement, Construction and Commissioning for Silicon Wafer Fabrication Facility Semi-conductor Wafer Fabrication Facilities
3. Engineering, Procurement, Construction and Commissioning for Mechanical Piping and Heating Ventilation Air Conditioning System Phase 2 Package Semi-conductor Wafer Fabrication Facilities
4. Sultan Salahuddin Abdul Aziz Power Station, Kapar Oil Unloading Jetty for 35,000 Dead Weight Ton Vessel Hydrant Pipe Works Power Generation Constrn
5. Engineering, Procurement and Commissioning of 2 sets of deaerator to Putrajaya Precinct 2 Power Generation
6. Engineering, Procurement and Commissioning of 2 sets of hot well tank to Putrajaya Precinct 2 Power Generation
7. Engineering, Procurement, Fabrication and Testing of Jacketed, Fabricated Pipe for Flexsys Chemicals (M) CAP2 Project, Kuantan
8. Engineering, Procurement, Fabrication, Erection and Testing of Field Erected Tank for Flexsys CAP2 Project, Kuantan Petrochemical
9. Engineering, Procurement and construction of Bulk Terminal in Kuantan, Pahang (Mechanical, Civil and Structure only) Petrochemical
10. Engineering design, Procurement and Construction of the complete facilities for the Cabot Booster Pump Relocation Project, including all process, mechanical, instrument, electrical and civil/structural works
11. Cabot Malaysia Sdn Bhd's Booster Pump Relocation additional works
12. Supply, install and commissioning a complete emergency standby system comprising a diesel genset to provide eletricity during a power outage and to run a number of critical process equipment Petrochemical 13. Engineering, Procurement, Fabrication, Construction and Testing and Commissioning of mechanical services for make pack facilities and central plant addition for processing facilities expansion project
14. Procurement, Fabrication, Erection and Testing for Far East Phase 2 Project (The Mechanical, Civil and Structural Construction Package)
15. Engineering, Procurement and Construction of Waste Water Treatment for processing factor expansion project Petrochemical
16. Detailed engineering of finished product warehouse and interconnecting utilities pipelines for Malaysian Newsprint Industries Sdn Bhd
17. Provision of engineering, procurement, construction, commissioning for rectification and modification works of GPP-5 Acid Gas Incinerator unit, GPP Complex-B, Terengganu Petrochemical
18. Supply of specialists/engineers for project works Petrochemical
19. Procurement, Construction and Commissioning service for Petronas Gas Processing Plant Nos. 2, 3 and 4, Ethane Extraction Improvement Project, Kerteh, Terengganu Petrochemical
20. Provision of engineering and installation service for the mechanical erection works at Pump Station 2 (PS2) for the Tchad-Cameroon Pipeline Project, Republic of Cameroon
21. Piping and equipment insulation works for District Cooling Plant Project, Putrajaya Precinct 2

D'Tiara Office & Hotel Suites >>> A Crowning Investment
AmanahRaya Corporate Tower & D'Tiara Office & Hotel Suites is a collaboration between Oilcorp Berhad (a well-diversified company which is listed on the Main Board of Bursa Malaysia) and AmanahRaya Berhad (Malaysia's premier trustee company, wholly-owned by the Government). Strategically positioned within the locality of KL Sentral (Kuala Lumpur’s main transportation hub), this self-contained project is vying to be the best place to work, relax & recharge. This FREEHOLD development is sited on 2.19 acres of prime land and consists of 2 towers of 33 storeys namely, AmanahRaya Corporate Tower & D’Tiara Office & Hotel Suites.

D'Tiara Beach Resort
D'Tiara Beach Resort in Port Dickson has developed into a holiday destination with a difference. It is a charming family orientated retreat that also has top-notch quality corporate conference facilities, and excellent entertainment and recreational activities.
Just 90 minutes away from Kuala Lumpur city and a 3-hour drive from Singapore, D'Tiara Beach Resort resides on a prime location along Port Dickson’s magnificent south coast, framed by tropical greenery and a breathtaking view of the Straits of Melaka.

As Port Dickson’s first integrated resort development, the beauty of D'Tiara Beach Resort lies in its appeal of having something to offer everyone in the family or corporate visitor. Set within a secluded 23-acre plot of which 5-acres have been landscaped into an outstanding Water Park Paradise, the resort offers its guests an exhilarating feeling of spaciousness and an affinity with the completely large inland sea resort with the environment and ambience of a natural beachfront, hence, making it “The Place To Be”. D'Tiara Beach Resort combines water activities, recreational facilities, dining options and meeting facilities as well as exclusive apartment suites accommodation. The 980 Studio and Family Suites, comprising 640-units of Studio Suites and 340-units of 2-bedroom spacious Family Suites; all with separate living and dining rooms, are set within 6-storey buildings with elevators and staircase access. D'Tiara Beach Resort offers a tasteful tropical repose with views of either the lush tropical gardens or the 150-meter beachfront.

In addition, D'Tiara Beach Resort is the choice venue for MICE (Meetings, Incentives, Conventions & Exhibitions) in Port Dickson; having the choice of 16 fully-equipped board and multi-function meeting rooms of varying sizes. But it is the pillar-less Grand Tiara Ballroom that takes the pride; being the largest conference venue in Port Dickson, where it can accommodate up to 1,800 persons (theatre-style) at any one time. For banquets, it has the capacity to accommodate 1,500 persons; making it also ideal for conventions, receptions, weddings and other special functions. Coupled with full catering services and state-of-the-art audio/visual equipment, D'Tiara Beach Resort is positioned to successfully host any occasions.

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