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IEV AWARDED INSTALLATION AIDS CONTRACT IN NORTH MALAY BASIN

SEPT 2014: IEV (Malaysia) Sdn Bhd , an associate company of IEV Holdings Limited, in association with Oil States Industries has been awarded an installation aids contract for three remote wellhead platforms - Bergading C, Bergading D and Kesumba WHP in the Malay North Basin, Malaysia. The contract which was awarded by Sapura Kencana consists of the installation of pile grippers and grout packers on the tripod platforms. The installation is scheduled to commence in 3Q2014 and expected to be completed by 1Q2015.

Installation Aids is part of the engineering services offered under the Group’s Jacket and Pipeline Installation Solutions (“JPIS”) business division, which targets the development of new offshore production facilities. IEV provides specialist services, equipment, materials and personnel to secure these structures to the seabed. This ranges from the supply and installation of diaphragm closures and grout seals to highly engineered packers and pile grippers, and the provision of pile drilling and structural pile grouting systems designed to withstand vigorous lateral ocean loadings in deep water installations.