IEV awarded subsea inspection contract in Malaysia

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Singapore-listed IEV Holdings has been awarded an advanced inspection solutions contract for an oil and gas field off Malaysia.

The deal was awarded through its 49 per cent-held associate, IEV Malaysia by an oil and gas producer.

IEV will deploy ultrasonic scanner technology by a remotely operated vehicle (ROV) to inspect a subsea pipeline located at its offshore oil and gas field in Malaysia. The contract is worth US$1.5 million.

IEV said hat equipment and personnel preparation and mobilization have commenced, and offshore work is planned to be undertaken within the next few months.

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