It said in its filing with Bursa Malaysia that its subsidiary PBJV Group Sdn Bhd received the letter of award.
The Sabah Sarawak Gas Pipeline is a network of onshore pipeline that link Sabah Oil and Gas Terminal in Kimanis, Sabah and Petronas LNG Complex in Bintulu, Sarawak.
The length of the pipeline is 503km. The scope of the contract includes inspection, testing, repair and maintenance of the pipes and related infrastructures to maintain the pipeline integrity.
Barakah said the contract is for two years from Dec 1, 2015 until Nov 30, 2017. PGB has the option to extend the contract for an additional year.
“The value of the contract will depend on the number of work programmes to be carried out for the duration of the contract based on unit rates specified in the contract. It is expected to contribute positively towards the earnings and net assets per share of Barakah Group for the duration of the contract,” it said.