Muhibbah secures RM30m offshore platform job

KUALA LUMPUR: Muhibbah Engineering (M) Bhd has secured a RM30mil contract for a central processing platform to be installed on an oilfield offshore Peninsular Malaysia.

It said on Tuesday it had accepted the letter of award to provide the fabrication, load-out and the fastening of jackets, piles and appurtenances for the platform to be installed on Vestigo's Tembikai oilfield.

"The construction works will commence immediately and is expected to be completed in the first quarter of 2015," it said.

Muhibbah said the contract was expected to contribute positively to the earnings and net assets for the current and future financial years.

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