This project on tender for more than 1 year already..

Prorate bonus
Prorate AL..

Medical Insurance cover continue.

Yes Kasawari Carbon Capture FEED is ongoing for 2 months already and the ITB was issued for EPCIC scope to both bidders.

that has been done for 2 months now.
Its by Ranhill Worley ..
the major FEED not awarded yet.

That's correct but not in its own yard in Batam but in a yard in China that they are associated with.
For MDR KL, major project now is Scarborough as it is quite big
Marjan project ongoing but not much for engineering - mostly supply chain and pmt.

https://www.theedgemarkets.com/article/cove...rgy-got-mess-it

High salaries and related-party transactions
From FY2013-FY2022, Sapura Energy paid out total dividends of RM480 million. But huge salaries, incentives and payments were made out to Shahril and his vehicle Brothers Capital Sdn Bhd (co-owned with his brother Datuk Shahriman Shamsuddin), which wholly owns Sapura Holdings Sdn Bhd, which in turn now owns 12.82% of Sapura Energy.

Shahril drew huge remuneration and incentives from FY2014 onwards, even as the company posted losses from FY2016. His annual remuneration and incentives were between RM71.9 million and RM89.4 million from FY2014 to FY2018 (see Chart 4). His total income from FY2013 to FY2021 was RM443.9 million, or an average of RM49.3 million per year for nine years.

In FY2016, when Sapura Energy posted its first post-merger loss, Shahril’s remuneration was still a whopping RM83.4 million, down only marginally from the RM89.4 million in FY2015 when both Sapura Energy’s profits and his remuneration were at record highs. In FY2018, the company posted RM2.5 billion of net losses, but his remuneration was still a whopping RM71.9 million.

Apart from high salaries and incentives, there were also other forms of related-party transactions, with substantial payments made by Sapura Energy to both Sapura Holdings and Sapura Resources Bhd (a separate listed company controlled by Shahril and Shahriman), which owns an office building rented to Sapura Energy.


A notable feature was “intellectual property rights, trademarks and branding” fees, which totalled RM62.5 million in FY2013 and RM70 million a year in FY2014-2018 to both Sapura Energy and Kencana’s major shareholders (see Table 4).

From FY2013-2021, the company paid out RM438.4 million in such fees, of which RM295.8 million went to Sapura Holdings and RM142.7 million to Kencana Capital Assets. There was also total office rental of RM149.4 million paid in FY2013-2021 to both Sapura Resources and Kencana Capital Assets.

In total, excluding the related-party transaction office rental, we estimate Shahril and Shahriman’s Sapura Holdings received RM1.17 billion from FY2013-2021, comprising RM444 million in remuneration, RM296 million in IP rights and trademarks, RM350 million from the SapuraCrest-Kencana merger cash distribution exercise and RM79 million from dividends (See Table 5).

In comparison, all shareholders (excluding Shahril and Sapura Holdings) received just RM401 million in dividends. To cut a long story short, one single shareholder received three times what was paid to all other shareholders.

This amount of RM1.17 billion received by Shahril personally and with Shahriman’s companies, is equivalent to a hefty 9.2% of Sapura’s total Ebitda of RM12.7 billion earned over the past 10 years.

They proposal not even submitted. Tis one is gathering CV to submit to client (From what it seems).

There's 3 bidders for this project.
FEED competition ongoing.
2 in KL Based and 1 in Singapore.

SBM and MODEC not involved.

Yeaup its that project. There is certainly no certainty in contract award. The FEED is ongoing (FEED competition basis)
The tender also ongoing.

Yes correct. Bumi Armada has small team - mostly left or fired previously.
Many of them are in MISC and SBM . . .

The job won't start if it's agogo as it's still under bidding stage

If it's total (french operator) project, maybe but I am unaware of the project timeline and award details.

It's to gather as many CV as many Cv can be rejected by client due to non compliance.
Hence, they need more CV.
As what mentioned before, BAB has very limited workforce
Their ongoing project is mostly by SP.
Recently, BAB did hire a few seniors from the industry.

Maybe share here the position and years of experience maybe someone can assist you

new bid.. not only MMHE and Sapura invited but also foreign yards.

COOEC (China)
CUEL
Brooke
Muhibbah

Got FEED ITB also released to few bidders.
Mostly is EPCIC ITB for small WHP platform

Yes, same info I have received.

This is still pending actually.

If valid offer, why not proceed bro..

GK project ... rugi manyak
Never ending style.. huhu

MMC OGEngineering - hiring many available vacancies on Linkedin.
But staff pay cut 17% until now.
One engineer almost 30+ years old salary less than 3k (because been cut so much).


How come no client said something about this? The company is hiring many people and busy