For topsides / epcic, 2:

1. Block B CPP
2. Shell Trinidad and Tobago Manatee

Seatrium new office in KL is in KL eco city

How come you are not aware about modec? If you're from FPSO or offshore industry, MODEC is Tier 1 competitor to SBM.

Modec has many projects now..hired many Malaysians to join their office in SG on good salary

no problem bro

May i share..

is it discipline engineer? 15-20k can try.. for Malaysia role, Malaysian nationality - KL based..

Can you share if it is without EPF and without MC??

I can help to compute (though never experienced it before as I am sticking to permanent roles for now).

For MODEC / newly established companies, usually their initial offer would be Contract.. hence request on higher side..

in terms of security,, now is a good time

What position / engineer is it? Mechanical? Instrument? Safety?

There are lots of Engineers whom are formerly SBM / SPOG / BA which MODEC would target... Don't be disheartened if you are not selected...

I want to add on one more point, if you have illness such as DIABETES, Kidney, Heart problem, etc, hypertension, please do not sign up for such jobs.

I meant contract with limited benefits or PO..

Yinson in Singapore...

Sapura Energy's external auditor issues unqualified opinion on its audited FY2024 financial statements


KUALA LUMPUR: Sapura Energy Bhd's external auditor has issued an unqualified opinion with material uncertainty on its ability to continue as a going concern for its audited financial statements for the financial year ended Jan 31, 2024.

In a filing with Bursa Malaysia Securities Sapura Energy said, Messrs. Ernst & Young PLT said the group had prepared its financial statement on a going concern basis when the validity of it is highly dependent on obtaining extensions for restraining orders; favourable outcomes of the legal claims for the terminated engineering & construction projects; and the successful and timely implementation of the proposed scheme of arrangements which requires Sapura Energy and its companies to secure approvals from at least 75 per cent of the scheme creditors in the court convened meetings.

Sapura Energy group and company's current liabilities exceeded their current assets by RM14.5 billion and RM2.2 billion respectively, and the group is facing severe liquidity constraints.

"Should the going concern basis for the preparation of the financial statement be no longer appropriate, adjustments would have to be made in the financial statements relating to the amounts and classification of the assets and liabilities. No such adjustments have been made to these financial statements," the auditor said.

"Our opinion is not qualified in respect of this matter," Ernst &Young said.


Key audit matters disclosed in external audit report in the company's annual report include impairment assessment of goodwill on consolidation and property, plant and equipment ; and revenue from construction contracts recognised on percentage of completion method.

In response, Sapura Energy said its board expects that a mutually beneficial scheme of arrangement is likely achieve majority support of creditors.

This is because it will be able to offer higher recovery under the scheme of arrangement compared to the recovery under liquidation, and that the group has sufficient funds to sustain its operations until such a scheme is concluded.

Sapura Energy acknowledged that while there exists material uncertainties which may cast significant doubt about the ability of the group and of the company to continue as a going concern, its board is of the opinion that the going concern basis used in the preparation of financial statements is appropriate, and no adjustments were necessary to the recoverability and classification of the carrying amount of assets or the amount and classification of liabilities.


https://www.nst.com.my/business/corporate/2...ied-opinion-its

Bumi at the moment no new projects for a long time..this is fact and reality.
SBM KL just signed contract for Suriname FPSO with technip energies partner. Both doing the project in KL office.

Should be MISC or SBM.


This post has been edited by ZZMsia: Jun 14 2024, 08:08 PM

MODEC is on a hiring spree (in Singapore).

Target Malaysian Engineers.

Salary on offer: 10 kSGD and above for Senior / Lead Engineers.

Few of my circle of contacts have been offered. Some are joining in June and some are in August.

As of now, the offer letter is in SGD for SG based roles.


the office is not that big.

Today evening, another colleague that joined confirmed the range of 10 , 000 sgd and above...

industry has been "up" now since 2022.. .
Some companies still paying below market rates, hence many seems to be looking out.. including M..E (Johor), some KL based companies..

Oh and Subsea 7 offers are also quite plenty engineers with 8 years and above experience.

Many non whites holding Merican passport with good salary in Saudi 😅😅

11-13k
Please correct me if you have negotiated otherwise ..

What is your experience in oil and gas and position applied for? Senior engineer??