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Talisman holds hope for Sabah O&G jobs
Published on: Friday, February 19, 2016

Kuala Lumpur: Talisman Malaysia Ltd is in the process of finalizing the design of a 3,700-tonne Wellhead Riser Platform and 350-tonne bridge that will link to the existing Kinabalu platform in the west coast of Sabah.Construction of these new facilities, which started in April, is expected to generate new job opportunities for locals in the oil and gas sector, at a time when many players are feeling the crunch of falling oil prices.

The oil price dip has forced several companies to resort to cutting expenditure and workforce.

According to Talisman, the project would take about 18 months to complete.

"This development project will create opportunities for Malaysian suppliers and service providers involved in the fabrication, installation and commissioning phases, and also for the subsequent drilling operations that follow in the third quarter of 2017," Talisman said in a statement.

Despite the current oil and gas environment in Malaysia, and contrary to reports by the Malay Mail (titled "Low oil price may force Talisman staff salary cut" on Jan 21), the company said it is "not conducting any salary or expatriate staff reductions, nor reviewing its staff overtime claim policy at this juncture."

"This development activity is part of the company's commitment to 'breathe new life' into the asset which is located off the west coast of Sabah," said Talisman.

Concurrently, with on-going production operations offshore Peninsular Malaysia and Sabah, and exploration in Sabah Blocks SB 309 and SB 310, Talisman would rely on the talent and skills of its predominantly local workforce for the efficient and effective execution of these programmes, said the company.



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