Blue Water Engineering Group Overview

Company Evolution and Major Milestones

Blue Water Engineering Pte Ltd (BWE) was founded in July 1997 primarily to service the subsea division of the offshore oil and gas industry.

The company provided diving operations, technical consultancy, key personnel, specialist project management to regional oil majors as well as leading service contractors.

BWE diversified into the onshore oil & gas industry with the design, installation and commissioning of a 5,000 bbl/day capacity sludge treatment plant in Sumatra.

This was the first onshore project for the company and was later followed by onshore services such as exploration drilling and other oil & gas related activities .

In 2002, BWE in partnership with a large Norwegian offshore vessel company, provided 2 x 10,000 bhp Anchor Handling Tugs (AHT’s) to an oil major in Malaysia.

BWE Director A. Reudavey spent 2004 to 2008 with an oil major in Malaysia, as a Technical Authority 1 (TA1) and Contract Holder. This presented the company with very valuable insight into contractual, technical, health and safety issues from a major oil company point of view.

A restructuring took place in 2009 where Blue Water Engineering Pte. Ltd. became the corporate holding company with Blue Water Engineering (M) Sdn. Bhd. (BWEM) incorporated to focus on the booming offshore industry in that country.

An opportunity was presented to the company in 2013 for the redevelopment of 3 onshore oilfields in the Cepu region of Java, Indonesia. The oilfields were first drilled in the early 1900’s by the Dutch but were abandoned during WWII. After the war, a number of the wells were brought back into low production (4 to 6 bbs/day) by the local owners.

Meanwhile, Blue Water Engineering (M) Sdn. Bhd. is forming a joint venture company that will hold Petronas licenses and further enhance the services our companies are able to provide to the onshore and offshore industries.

❖ Indonesia

The Blue Water Engineering Group has been active in Indonesia since 2001 with the Engineering, Procurement, Installation and Commissioning of the 5,000 bbl/day sludge plant followed by an onshore drilling campaign and recently, old well redevelopment in the Cepu region.

❖ Malaysia

Blue Water Engineering (M) Sdn. Bhd. was incorporated in 2008 in order to offer technical consultancy services to primarily the Malaysian market and secondly to the region. Services provided include technical audits, development of technical and operating manuals, provision of key personnel such as oil company representatives and project management.

Recently, the company entered into an agreement for the long term lease of classed air diving spreads as well as a 12 man onshore Hyperbaric Rescue Facility required for saturation diving emergency response services.

❖ Myanmar

This is the latest country that the Group is targeting and further details will be made as to the services that will be made available, in the near future.