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The contract signing ceremony for the project to invest, develop, operate and maintain an Integrated Marine Maintenance and Decommissioning Yard (“Integrated Yard”) in Brunei Darussalam was held this afternoon at the Ministry of Finance and Economy. This also marks the launching of the Brunei Darussalam Maritime Cluster (“BDMC”) in which the integrated yard is to act as an anchor facility to catalyse its development.
The Integrated Marine Maintenance and Decommissioning Yard project exemplifies the
benefits the country, the economy and the people of Brunei can stand to gain when the public
and private sectors collaborate and work closely together and achieve another major step
forward towards Brunei’s economic diversification agenda through a whole-of-nation
approach.
Present as Guest of Honour to witness the event wasthe Minister at the Prime Minister’s
Office and Minister of Finance and Economy II and Chairman of the Brunei Economic
Development Board, Yang Berhormat Dato Seri Setia Dr Awang Haji Mohd Amin Liew bin
Abdullah. Also in attendance were Deputy Minister of Department of Energy at the Prime
Minister’s Office, Dato Seri Paduka Awang Haji Matsatejo bin Haji Sokiaw; Deputy Minister
(Economy) at the Ministry of Finance & Economy, Yang Mulia Awang Haji Khairuddin bin Haji
Abdul Hamid and Deputy Minister (Fiscal) at the Ministry of Finance & Economy, Yang Mulia
Pengiran Hajah Zety Sufina binti Pengiran Dato Paduka Haji Sani, British High Commissioner to
Brunei Darussalam, His Excellency Mr John Virgoe; High Commissioner of the Republic of
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Singapore to Brunei Darussalam, His Excellency Mr Heng Aik Yeow; Ambassador Extraordinary
and Plenipotentiary of the Republic of Korea to Brunei Darussalam, His Excellency Mr Kim
Soung-eun; and Ambassador Extraordinary and Plenipotentiary of the Republic of Indonesia to
Brunei Darussalam, His Excellency Dr Sujatmiko as well as senior government officials and
invited guests.
This Integrated Yard Project is an important step in the establishment of the Brunei
Darussalam Maritime Cluster and it underscores the commitment of the Government of His
Majesty The Sultan and Yang Di-Pertuan of Negara Brunei Darussalam to stimulate and facilitate
the development of non-oil and gas sector as part of the country’s Wawasan 2035 goal towards
a Dynamic and Sustainable Economy, and the global sustainable development goals of Decent
Work and Economic Growth.
The Brunei Darussalam Maritime Cluster has the potential to capture B$10 million - B$25
million worth of annual vessel maintenance and onshore decommissioning in the short term,
and the aspiration to create 4,000 direct and indirect employment opportunities for the country
in the long term through the enhancement of the range of new business opportunities and
infrastructure improvements.
There will be spin-off opportunities for local entrepreneurs to venture into and foreign
specialists in other industrial services to establish presence in the country, which will further
create more investment opportunities and for knowledge and technology transfer to our local
MSMEs.
The Brunei Economic Development Board, in collaboration with the Department of Energy at the Prime Minister’s Office, Brunei Shell Petroleum Company Sdn Bhd, Darussalam Enterprise and other government agencies, facilitated an open and competitive bidding process to identify qualified proponent to undertake the implementation of the integrated yard project in Brunei Darussalam.
Today’s contract signing ceremony signified the commencement of the integrated yard project, with the signing of four (4) project agreements between Anson International Sdn Bhd and the Government of His Majesty The Sultan and Yang Di-Pertuan of Brunei Darussalam represented by the Ministry of Finance and Economy; the Brunei Economic Development
Board; and Brunei Shell Petroleum Company Sdn Bhd.
Anson International Sdn Bhd is a special purpose vehicle established for the
implementation of the intergrated yard project. The founding investors of the integrated yard
project are:
- Haji Adinin and Sons Sdn Bhd through Qaswa Holding Sdn Bhd.
- Strategic Development Capital Fund of the Ministry of Finance and Economy.
- Dongil Shipyard Co Ltd of Republic of Korea.
- CessCon Decom Ltd of United Kingdom.
The participation of reputable international companies as technical partners in this
project demonstrates the confidence of foreign investors in the country’s economy and its
growth potential. Going forward, the integrated yard is expected to:
- spur the development of auxiliary industrial services to support its operation;
- promote these services and opportunities to local micro, small and medium enterprises
as well as foreign companies, and
- act as an impetus for the development of other new industries under the Services sector
– one of the Brunei Darussalam Economic Blueprint’s priority sectors.
In alignment with the country’s efforts towards the global sustainable development goal
in Responsible Consumption and Production, the integrated yard will incorporate several green
and environmentally friendly features, as well as adopt circular economy concept for its
operation whereby the majority of recovered residual waste materials will be recycled into
other products. The integrated yard intends to install solar photovoltaic modules and plans to
use recovered steel waste to fabricate into solar-powered light pole towers typically used in
onshore and offshore remote locations.
In alignment with the country’s efforts towards the global sustainable development goal
in Responsible Consumption and Production, the integrated yard will incorporate several green
and environmentally friendly features, as well as adopt circular economy concept for its
operation whereby the majority of recovered residual waste materials will be recycled into
other products. The integrated yard intends to install solar photovoltaic modules and plans to
use recovered steel waste to fabricate into solar-powered light pole towers typically used in
onshore and offshore remote locations.
The combination of a multi-year D&R programme and an onshore materials recovery
facility can also act as stimulus to develop Brunei Darussalam into a regional D&R centre of
excellence through attracting foreign specialists in other disciplines of the D&R service value
chain, such as engineering design, well plugging and abandonment, and platform removal and
transportation, to establish operations in the country.
This in turn would place the country in a better position to tap into the emerging multibillion dollar market for decommissioning of end of life offshore oil and gas assets in Southeast
Asia. Industry observers estimated the value of this opportunity is over 30 billion US dollars over
the next 20 years.
The integrated yard will be developed in phases on a 16-hectare site at Pulau Muara
Besar and is targeted to commence operations in 2024.
Today’s event also included an exhibition showcasing the integrated yard, supporting
industrial services, spin-off businesses and employment opportunities by Anson International
Sdn Bhd as well as decommissioning and restoration of offshore assets by Brunei Shell Company
Sdn Bhd.
