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Tuesday, June 16, 2009

7251 Vastalux Energy Bhd >>> ACCUMULATE







Vastalux Energy Berhad (VEB) was established in 1995 and started its business operation in 1998 as a small subcontractor with only 3 staff strength, dealing mainly in supply of offshore manpower, equipment and materials and minor fabrication work. Since then we are blessed to have grown into a full scale main contractor licensed by Petronas, the National Oil Company of Malaysia and have been directly involved in diverse areas of the oil and gas industry.
In June 2003, VEB was awarded the Angsi Development Project Phase lll Hook-up and commissioning by Petronas Carigali Sdn Bhd which involved primary in the exploration and production of oil gas in Malaysia and other parts of the world. The project which is the first for VSB as a main contractor has been fully implemented and executed within the constraints of project deliverables and deadlines
Our commitment to quality was further illustrated through our certification to the prestigious ISO 9001:2000 Quality Management Standard in June 2007, In respect of safety and the environment (HSE), VEB is also proud of its HSE credentials and count it as one of its core values and objectives.
While ten (10) years of experience may not seem long, its is substantial considering that the Malaysian oil and gas industry was only started by the government in 1975. And through the years, VEB has worked hard to meet the demanding needs of Petronas and its subsidiary companies, the other Production Sharing contractors namely Murphy Sarawak Oil Co Ltd and Carigali Hess Operating Company Sdn Bhd to name a few.

Oil & Gas Services Division

HOOK-UP & COMMISSIONING
Includes the provision of onshore preparation works, onshore pre-fabrication and onshore Hook-up, inspection, testing, pre-commissioning and commissioning of all systems, related appurtenances and equipment of offshore platforms. Also covers the provision of materials, construction tools and equipment, utilities supply, temporary structures, consumables, labour, supervision, marine vessels, transportation and other works and services such as engineering works.
FABRICATION
Entails multi discipline activities covering mechanical piping, structural, electrical and instrument to be performed onshore for offshore installation. Also includes the provision of supervision, procedures, labour, material, equipment, tools, consumables, facilities including transport, logistic services and engineering works.
FLOODED MEMBER DETECTION
Includes the provision of a computer with powerful, bespoke software package for the purpose of data-recording, instant data recording, instant data analysis and on site reporting. Instant diagnosis of flooded components and accurate assessment of partial flooding are prime features of the package, with rapid access to all data and hard copy reports as required.
***Special features of using FMD techniques:
***Prior removal marine growth is unnecessary
***Remotely adjusted frame option for world class ROV
***The inspection work is the fast and result is accurately magnificent
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TOPSIDE MAJOR MAINTENANCE Includes the provision of services related to the topside maintenance work for offshore platforms and onshore facilities. Also includes the provision of supervision, procedures, labour, pre-fabrication and erection material, equipment, temporary construction aids, tools, consumables, facilities including transportation to point of embarkation, services and all other things of similar nature necessary for the work.

ONSHORE CONSTRUCTION
Involved in Procurement, Construction and Commissioning of onshore oil and gas plants workscope includes construction, project management, procurement, installation, pre-commissioning and commissioning of E & I and mechanical rotating equipment. Also includes civil and structural works.

PROVISION OF WORKBOAT Part of the marine spread involves the provision of workboat, owned by the company to execute awarded projects and for charter to other clients.
Currently Vastalux owned a marine vessel, MV Vasta Jati

YARD FACILITIES
The yards in Vastalux provides covered workshops, open yard, warehouse, blasting & painting areas and cold rooms. The yards are also equipped with the necessary tools, equipment and facilities to support the execution of contracts awarded to VS.
Currently Vastalux have 3 yard offices in Kemaman Supply Base Phase 2, Terengganu, Labuan Federal Terrritory and Bintulu, Sarawak.

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