Scomi Engineering Wins Another Major Older From Saudi Arabi

Scomi Engineering Bhd, a subsidiary of Scomi Group Bhd had received another major order from Saudi Arabian Oil Company (“Saudi Aramco”) for the supply of Oil Country Tubular Goods (“OCTG”). The order was awarded to Scomi Engineering’s Singapore machine shop unit, OMS Oilfield Services Pte. Ltd.

The order is for the supply of large diameter casing pipes and connectors. The casing pipes will be equipped with our proprietary JV-LW connectors and supplied in lengths of between 38 feet to 42 feet each. The order is targeted for delivery within second and third quarter this year. This order is expected to contribute approximately RM35 million to the revenue of Scomi Engineering.

This is the fourth straight successful order for this material from Saudi Aramco since OMS penetrated the market a few years ago. The machine shop unit continues to remain the most profitable of Scomi Engineering’s businesses. For the financial year 2005, the machine shop unit contributed 73% to the turnover of Scomi Engineering.

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