MALAYSIA Marine & Heavy Engineering (MMHE) has been left empty handed after losing out on a major fabrication contract for phase three of Posco International's Shwe project offshore Myan-mar - despite having a letter of award for the job.The large steel jacket for the compression platform will now be built by PetroVietnam Technical Services Corporation (PTSC) at its Vung Tau yard in Vietnam and not in Johor, southern Malaysia, as had been expected, multiple industry sources confirmed to Upstream.Posco last year issued a Letter of Intent to Hyundai Heavy Industries for the $450 million turnkey engineering, procurement, construction, installation and commissioning contract for the compression platform, with the South Korean contractor initially deciding to subcontract the 12,000-tonne jacket to MMHE.Low-bidder MMHE subsequently received its LoA in early March 2021, with the LoA approved by both Shwe operator Posco and lead contractor Hyundai.
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