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Achievements

  • More than 24,000 MGP sold to over 400 platforms worldwide to date. 

  • Awarded 1st CNG trading license in Indonesia – 25 March 2008.

  • Inaugurated 1st  CNG plant in Indonesia on 12 July 2008. 

  • Inaugurated 1st CNG plant in Vietnam along with Petrovietnam – September 2008.

  • Successfully completed 43 platform jacket grouting contracts since January 2007.

  • Awarded 1st decommissioning projects in Indonesia, India, Malaysia, Brunei and Saudi Arabia and established as the preferred cutting contractor in Southeast Asia. IEV has successfully removed 17 platform jackets since 1997.

  • Achieved ISO 9001:2008 certification issued by DNV Certification Limited since 2002.

  • Developed, Constructed and Patented Dual Blade External Cutting Saw (DUBLEXO) for subsea cutting projects.

  • Completed the biggest Alocit underwater coating project in Dung Quat Refinery, Vietnam.

  • Awarded 1st turnkey decommissioning project in Malaysia. (2011)

  • Completed two turnkey decommissioning projects in Malaysia ahead of schedule. (2012)

  • Awarded 1st onshore oil and gas agreement through the Kerjasama Operasi (“KSO”) also known as “Operation Cooperation” program in Indonesia. (2012)

  • IEV awarded Runner-Up in the ‘Most Transparent Company’ - Catalist Category at the SIAS 13th Investors Choice Awards. (2012)

  • IEV Malaysia Energy and Gas Malaysia signed Memorandum of Understanding to conduct feasibility study on liquefied natural gas distribution in Malaysia. (2012)

  • IEV Malaysia received Letter of Award to transport and install an integrated Tension Leg Platform from Sabah Shell Petroleum Company Limited in the Malikai fields offshore Sabah, Malaysia, which is valued at around USD100 million.  (2012)

  • IEV International Limited achieved a new record in securing a contract for the supply of its proprietary MGP products valued at a total of approximately USD1.4 million. (2013)

  • IEV International Limited secured two major contracts in China valued at a total of approximately USD1.3 million for the supply of its MGP products on three new platforms.(2013)

  • PT IEV Gas secured a five -year CNG supply contract from PT Ultrajaya Milik Industry Tbk to supply compressed gas of more than 500,000 mmbtu value in excess of USD 8.0 million. The contract marks the transformation of IEV’s CNG business model in Indonesia from throughput to direct sales. (2013)

  • IEV announced its plan to enter into the Renewable Energy business through biomass production in Vietnam by constructing its first plant in the middle of the Mekong Delta to manufacture rice husk biomass for power generation and industrial use. (2013)

  • IEV (Malaysia) Sdn Bhd secured a contract valued at approximately RM 50 million for the decommissioning and towage of a FPSO from offshore Terengganu in Malaysia, by a Malaysian based Oil and Gas exploration and production services company. (2014)

  • IEV spudded its first development well in the Cilamaya structure -  the CLS-1 TW twin which is drilled to a total depth of 2150m. Results from the drilling and production flow tests are expected in 1Q2015. (2014)

  • PT IEV Gas entered into two separate Gas Sales Agreements to supply compressed natural gas for more than 600,000 mmbtu  to two divisions of PT Indofood CPB Sukses Makmur Tbk– the Noodle Division and the Nutrition & Special Food Division manufacturing plants in Padalarang, Bandung for a period of 12 and 24 months respectively. (2014)

  • IEV Energy Sdn Bhd and Gas Malaysia Berhad  enters into a Joint Venture Agreement to construct, commission and deliver up to 300,000 million mmbtu of compressed natural gas to potential customers. (2014)

  • IEV International Limited secured a contract in India for the supply of its proprietary Marine Growth Preventer products valued at a total of approximately USD 1.3 million to five new offshore platforms and one existing offshore platform for a major oil and gas company in India. (2015)

  • PT. IEV Indonesia obtained an exclusive 5-year master license for the Oxifree corrosion control technology for Indonesia from the USA-based licensor, Oxifree Global LLC. Indonesia is the fourth country in South East Asia which IEV has acquired exclusive rights to distribute, apply and maintain products utilising Oxifree, after Vietnam, Malaysia and Brunei. (2015)

  • PT. IEV Pabuaran KSO spuds and records hydrocarbon presence in the first development well, CLS-1TW in Cilamaya Structure, onshore West Java.

  • IEV secures five new contracts under its Marine Growth Control Business Unit ("MGCBU") valued at an aggregate of approximately USD1.75 million.