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Wood Group And Serba Alliance Enter Into Term Maintenance Agreement With Petronas Gas Berhad

Wood Group

As a result of an alliance between the Gas Turbine Services division ("GTS") of international energy services company, John Wood Group PLC ("Wood Group") and Malaysia's Serba Dinamik Sdn Bhd ("Serba"), a Short Term Maintenance Agreement has been entered into with Petronas Gas Berhad ("PGB"). Under this Agreement, Wood Group and Serba in alliance will provide all parts, repairs, and field services to nine (9) General Electric Frame 6B gas turbine generators located at PGB's Kerteh and Gebeng Centralised Utility Facilities (CUF) in Malaysia.

The Wood Group and Serba Alliance have been performing transactional maintenance activities at the Kerteh and Gebeng facilities for several years. This agreement represents the largest bundled major maintenance contract awarded to the Wood Group Serba Alliance since commercial operation of the CUF units. The Agreement will cover the upcoming 2008 and 2009 maintenance outages on these nine (9) General Electric gas turbine generators and will provide PGB with a single source for all of their maintenance needs.

Petronas Gas Berhad is the gas processing and transmission subsidiary company of Petroliam Nasional Berhad (Petronas), the national oil company which holds 60.63 % equity in PGB. PGB was listed on the Main Board of the Kuala Lumpur Stock Exchange on 4 September 1995. PGB has expanded its scope of activities beyond the processing and transmission of natural gas to include supplying of industrial utilities such as steam, electricity, oxygen, nitrogen, compressed air and waste treatment to the petrochemical complexes in the Kerteh Industrial Petrochemical Complex in Kerteh, Terengganu and Gebeng Industrial Complex in Pahang under the Centralised Utility Facilities (CUF) operations.

Serba Dinamik Group is a Malaysian company with an international focus oriented towards offering total engineering and commercial package solutions for gas turbines on a worldwide basis. SDSB was formed in June 1993 and has since been engaged in machinery installation, troubleshooting various problems using latest state of art technologies, machinery overhaul and inspection work of major equipment for PGB and other Process and Power Plants in Malaysia, SDSB has secured more than 200 contracts to date across Malaysia, Middle East and Africa and continues to expand its geographic footprint.

Posted 02/12/08

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