| Work Detail |
Malaysia’s Petra Energy has secured four contracts for the provision of pan-Malaysia offshore maintenance, construction, modification, and hook-up services. The deals with undisclosed value involve work for Petronas Carigali and its production-sharing contractors SapuraOMV Upstream, JX Nippon Oil & Gas Exploration and ROC Oil in Sawarak. The contracts, which became effective between End-September and January this year, will last for five years, with extension options attached for up to five more years. The award is expected to contribute positively to the earnings and net assets per share of PEB Group for the duration of the contracts, the company said in a filing. Last October, Petra Energy also won a contract from Shell for offshore crane operations and maintenance services in Sawarak for a period of four years with no extension option. |
