Miti Blog

Ministry of International Trade and Industry Malaysia Official Blog

Country’s third O&G supply base to get RM100m investment

Posted by admin2 on June 15, 2015 at 6:44 pm
KUALA LUMPUR: TB Supply Base Sdn Bhd (TBSB), which has received interest from over 100 companies to utilise its facilities in Tok Bali, Kelantan, will spend RM100 million in 2015 for civil works and to build facilities such as additional warehouses, Customs and Immigration building, new offices, canteen, rigging loft, crew jetty and helipad.

TBSB is ultimately owned by Kelantan royalty Tengku Rozanna Petri and Tengku Rozlynda Petri Tengku Mohd Nasrun, through Forlenza Holdings Sdn Bhd. Forlenza through Matrix Reservoir Sdn Bhd, owns a 99.99% stake in TBSB. TBSB’s directors include Tengku Datuk Mohamad Rizam Tengku Abdul Aziz (also the chairman), Tengku Rozanna Petri and Shankar Ray Shi-Wan.

TBSB is a logistics hub located in Tok Bali, Kelantan specifically catered to providers of support services to the offshore oil and gas industry. It has invested RM90 million to date since June 2014, for facilities like warehouses, revamp works and wharf. TBSB is located on a 328 acres site.

International Trade and Industry Minister Datuk Seri Mustapa Mohamed said TBSB is expected to create 500 to 1,000 job opportunities.

“This is an iconic and high impact project. Kelantan has not seen this kind of project for a number of years. The direct and indirect benefits will be substantial and this will contribute to the development of Kelantan,” Mustapa said at a media briefing here yesterday.

TBSB COO Jim Iler said it aims to provide a one-stop centre for production sharing contracts (PSC) and services companies in the Malaysia-Thailand Joint Development Area (MTJDA), North Malay Basin (NMB) and Commercial Arrangement Area (CAA). It offers fuel and water, mud and cement, port services and warehousing.

Tok Bali, about 48km from Kota Baru, has the potential to be transformed into an important supply base for offshore support activities. It will be the third oil and gas supply base in Malaysia beside the Kemaman and Labuan supply base and will complement the Kemaman supply base and also have a cost advantage for exploration activities in the East Coast offshore.

By providing essential consumables and space, TBSB aims to attract the support companies necessary to create the ecosystem required by the offshore oil and gas companies operating in MTJDA, NMB and CAA.

Iler said the initial phase of the project is the oil and gas supply base and the next phase will be the port. The surrounding area is also zoned for port usage and the site is expandable up to 1,200 acres.

“(We see the potential of up to RM1 billion investments) in two to three years depending on how quick we get the port operations open.

“We’ll have the master plan completed in two months. From there, we’ll start looking at land acquisition, how we’re going to structure the facilities, we’ve to have contracts signed and we may look for investors,” Iler said.

Iler said in a low price oil and gas environment, the need for low cost production is even more critical, while there are also congestion and delay at the other ports as there is currently only one operating supply base on the East Coast.

TBSB’s proximity to MTJDA, NMB and CAA will result in significant cost savings for Petronas and PSCs due to lower fuel usage and lower idle time for the supply vessels.

TBSB has obtained approvals from the Ministry of Finance, Royal Customs Department, Marine Department Malaysia and Petronas for its operations and is now in a position to attract relevant oil and gas industry players to locate their operations in Tok Bali.


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