| Zee Yusri |
THE Belait Shipping Company (B) Sdn Bhd (BSC) yesterday received its largest workboat to date, the Belait CSS1, at Muara Port.
The 12,702-tonne vessel is BSC’s sixth completed vessel and will be used primarily as a well intervention vessel. The vessel is also the third of its kind in the world and the first in the region, in size and technological advancement.
The vessel is able to carry almost 200 personnel, and houses amenities such as conference rooms, gyms and a hospital for its crew.
Vessels like the CSS1 are important for offshore operations as they are used for important well intervention works such as coil tubing works all year round.
Present as the chief guest to officially launch the vessel was Pehin Orang Kaya Hamzah Pahlawan Dato Seri Setia Awang Haji Abdullah bin Begawan Mudim Dato Paduka Haji Bakar, Minister of Communications.
The minister was later escorted to tour the Belait CSS1 vessel along with invited guests with complete Personal Protective Equipment (PPE) that had to be worn for safety reasons.
Also in attendance were Haji Awang bin Haji Ali, Executive Chairperson of BSC, Abdul Mutalib bin Pehin Orang Kaya Seri Setia Dato Paduka Haji Mohd Yusof, Permanent Secretary at Ministry of Communications, and Javed Ahmad, Managing Director of BIBD.
In his welcoming remarks, Haji Awang bin Haji Ali mentioned that after more than eight years, the collaboration has successfully formed the ‘Significant Seven’ – their fleet of seven vessels, namely Belait Aishah, Belait Barakah, Belait Mirai, Belait Taka, Belait PSV1, Belait PSV2, and the latest addition, Belait CSS1.
“This is clear evidence of what Bruneians are capable of, through good cooperation, compromise and confidence,” he said.
Haji Awang shared that the term ‘CSS’ is an acronym for Compact Semi-Submersible, a type of vessel based on MAC Offshore’s concept and design, and was developed in part by STX Marine. The design was considered as innovative and ground-breaking.
One of its key characteristics is its ability to deliver the capabilities of the traditional and larger semi-submersibles but at a lower cost. Hence, this will support the oil and gas sector’s desire to improve production and reduce costs at the same time.
“Another benefit is the use of the double-style hull, which provides exceptional seakeeping characteristics, increased deck space and provides excellent project load carrying capacity,” he added.
He also stated that BSC hopes that what they achieve would pave the way and become an inspiration and motivation for other Bruneians to follow. At the same time, it is also equally important to ensure and maintain a high level of service quality and support, in order to facilitate further growth and expansion.
“It is the Brunei government’s vision to see more local companies venture beyond its shores and we believe that building up a fleet of technologically advanced vessels presents a good step towards embarking on this ambition,” Haji Awang said.
The latest addition to its fleet of vessels will help support BSC’s growing ambitions along with the aspirations of the nation by providing cost-effective and high-quality marine and engineering solutions within the oil and gas industry.
The vessel will also provide extra logistic services to its existing fleet, servicing its local and international clients.
The vessel is BSC’s second vessel financed by BIBD under the Musyarakah financing structure, after Belait Barakah in 2008, and was signed in an agreement in 2012.
This is in line with BIBD’s goal to support the nation’s aspirations of developing local entrepreneurs, while at the same time, developing the country’s oil and gas capabilities.
The Musyarakah financing structure represents an equal profit and loss sharing mechanism to procure the vessel. The structure provided an equal equity investment and risk-sharing mechanism between BSC and BIBD, providing ample risk protection to all its stakeholders with the added advantage of knowledge transfer between the two parties. Fujian Mawei Shipbuilding Ltd (China) then agreed to be the builders for the Belait CSS1 vessel.
BSC is the first Brunei-owned company in the offshore marine industry and has been providing marine logistic services to both oil and gas and non-oil and gas operators for over 30 years. BSC also has one of the longest serving relationships with Brunei Shell Petroleum (BSP) and has also been providing its services to both local and international companies.