Newly established consortium Anson International has signed on to set up Brunei’s first commercial integrated marine maintenance yard (MMY) and decommissioning yard (DY) at Pulau Muara Besar to first service domestic, then wider regional, demand.
The agreement, signed yesterday at the Ministry of Finance and Economy (MoFE), will see the creation of a 16-acre integrated yard which will serve as the anchor facility for the Brunei Darussalam Maritime Cluster (BDMC) once operational in the fourth quarter of 2024.
This falls within the government’s aspirations of expanding its services industry as one of its priority sectors under its economic blueprint.
The joint venture of Anson consists of local lead partner Qaswa Holdings of the Adinin Group of Companies, MoFE’s Strategic Development Capital Fund, and two foreign companies serving as lead technical partners – South Korea’s Dongil Shipyard for marine maintenance, and UK’s CessCon Decom for decommissioning.
The setting up of a commercial integrated yard positions the country’s economy to better capture the value of services relating to marine maintenance, repair and overhaul (MRO), and decommissioning and restoration (D&R).
This means businesses requiring MRO such as vessels, and D&R services such as Brunei Shell Petroleum assets and platforms, will be able to utilise the locally-based integrated yard instead of facilities abroad.
Source: Biz Brunei
July 19, 2022
