OROGENIC GROUP OF COMPANIES

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Press Release on Purchase of Geotechnical Vessel - MV Orogenic Geos [28-10-2008]

PRESS RELEASE
28th NOVEMBER 2007
CROWNE PLAZA MUTIARA HOTEL KUALA LUMPUR
 
FOR IMMEDIATE RELEASE
 
OROGENIC GROUP PURCHASE NEW PURPOSELY BUILT GEOTECHNIC VESSEL TO SERVE OIL AND GAS CLIENTS IN THE REGION
 
OROGENIC Group’s unit, Ageo Marine Sdn Bhd (“AGEO”) has purchased a brand new vessel which will be used to carry out the offshore geotechnical investigation and survey works, serving the requirement of the oil and gas clients in the South East Asia. To finance the asset acquisition, AGEO has accepted a Bai Bithaman Ajil loan facility from the Bank Pembangunan Malaysia Berhad (“BPMB”) which covers 78% of the boat cost, while the rest is financed internally. The letter of acceptance of the facility was signed by AGEO on 5th November 2007
 
The Official Loan Signing ceremony between AGEO and BPMB is graced by Y.B Dato’ Haji Ahmad Husni Bin Mohd Hanadzlah, Deputy Minister of International Trade and Industry. The historic event which marks a new milestone for the OROGENIC Group is also attended by the top management and key personnel of BPMB and invited VIP guests from the oil companies and service providers.
 
The brand new vessel is being built at Eastern Marine Shipbuilding Sdn Bhd in Sibu, Sarawak. The vessel is designed by Conan Wu and Associates, Marine Architects and it is scheduled for completion in May 2008
 
The new Malaysian flagged vessel will be named MV OROGENIC GEOS, registered in Port Klang, and will be managed by AGEO. The total costs of the vessel, marine drill rig, other geotechnical equipment and survey equipment to be installed onboard the vessel are in excess of RM30 million.
 
The MV OROGENIC GEOS is a 60-meter vessel installed with a four-point mooring system, center moonpool and 42-pax accommodation.
 
The vessel will be mainly used by a subsidiary company Asian Geos Sdn Bhd for offshore geotechnical drilling and sampling works. However, she will also be equipped with an A-frame and analogue geophysical survey equipment which will allow her to switch her role back and forth as soil boring and analogue geophysical survey vessel. The geophysical survey is being carried out by another subsidiary, Orogenic GeoExpro Sdn Bhd. which is also actively in the region.
 

The MV OROGENIC GEOS specifications are as follows:

Length Overall
60m
Width
13.8m
Draught
4.5m
Engine Capacity
2400 BHP
Maximum Speed
13 knots
Fresh water
300 tons
Water maker
10MT/day
Fuel
500 tons
Accommodation
42 pax
Endurance
45 days
Tonnage
above 500 GRT
Clear Deck Space
408m2
Pedestal Crane
5 tons at 10m
A-frame
8MT dead load
Moonpool
2.5m x 2.5m at midship (for drilling equipment)
Sewage System
1 Sewage Treatment Plant
Mooring System
  • 4 –point single drum mooring
  • 4 x 32mm diameter X 1200m anchor wires
  • 4 x Delta Flipper, 3-ton each

ABOUT OROGENIC GROUP
 
Spearheaded by Malaysians professionals, Orogenic Group has advanced to be one of the top Integrated E&P Geosolution Specialists providing premium services to major clients globally.
 
Employs over 300 qualified and competent personnel including Engineers, Geologists, Geophysicists, Petrophysicists, Surveyors, Soil Specialists, IT Specialists, Chemists and skilled Technicians.
Operates from offices in Malaysia, Singapore, Bangladesh and China.
 
Vast experience worldwide and has served major oil companies and service providers in South East Asia, Middle East, Europe, India, Turkmenistan, China and Korea.
 
ISO 9001:2000 certified companies, constantly delivering services with the highest quality that comply to the international best standards and practices, stringent HSE guidelines.
 
Mission:
We are a group of Integrated E&P Geosolution Specialists that strives to enhance the competitive edge of our global clients, leveraging on knowledge and competent professionals, delivering value added services with a high degree of reliability and integrity
 
Vision:
To be a regional leader with significant global presence in E&P Geosolution Services by the year 2011.

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