Enra unit sets up JV company with ICON Oilfield

PETALING JAYA: Enra Group Bhd’s unit has entered into a shareholder’s agreement to jointly set up a company and provide low-cost solutions to the upstream oil and gas (O&G) industry within and outside Malaysia.

In a filing with Bursa Malaysia yesterday, Enra said that its indirect wholly-owned subsidiary Enra Oil & Gas Services Sdn Bhd and ICON Oilfield Solutions Sdn Bhd, a wholly-owned subsidiary of ICON Engineering Pty Ltd of Australia, had entered into a shareholders’ agreement to set up a joint venture (JV) company to provide the O&G solutions.