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IEV COMPLETES CENDOR PHASE 2 GROUTING CONTRACT

PETALING JAYA, AUGUST 2012: IEV Malaysia Sdn Bhd, an associate of IEV Group Sdn Bhd in association with FoundOcean Limited has successfully completed the grouting operations for the installation of jackets under a subcontract with TLO for Petrofac in Cendor Field. The scope of work consists of pile sleeve grouting for two (2) jackets, each with four (4) skirt piles. The project was part of the Cendor Phase 2 development project located off east coast Peninsular Malaysia in water depths between 60m and 65m.

To date, IEV has successfully completed seven (7) grouting projects for 12 structures in Malaysia. IEV has also completed 23 grouting projects for 46 structures since 2007 in the Asia Pacific waters.