Crest Petroleum Bhd expects its recently won RM2bil contract to further boost growth momentum and put it in a better position to push forward its regional expansion plans.
The RM2bil contract, announced on Monday, was awarded to Crest's wholly-owned subsidiary TL Offshore Sdn Bhd by Petronas Carigali Sdn Bhd, Sarawak Shell Bhd/Sabah Shell Petroleum Company, and ExxonMobil Exploration Production Malaysia Inc. The three-year contract from 2004 to 2006 includes two options of extensions of one year each.
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