Kencana unit secures contract


KUALA LUMPUR: Kencana Petroleum Bhd’s wholly-owned unit, Kencana Nautilus Sdn Bhd, in collaboration with Yinson Marine Services Sdn Bhd, has secured a service contract estimated to be worth RM33mil to provide offshore support vessel.

The company told Bursa Malaysia yesterday that the contract comprised the scope of providing an offshore support vessel for the purpose of assisting and servicing drilling rigs, offshore installations, derrick barges, diving vessels and other crafts, including anchor-handling services off the coast of Vietnam.

The contract is awarded for one year with an option to extend for another one-year period.

It is estimated the value of the contract for the two-year duration to reach RM33mil,” Kencana said.

The contract was expected to contribute positively to its earnings for the financial year ending July 31, 2011 and 2012, Kencana added.

For latest Bursa Malaysia indices, charts and other information click here

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

Financial sector joint committee to strengthen response to climate risk
PepsiCo to sell Tropicana, other juice brands for US$3.3bil
Alibaba misses revenue estimates as e-commerce growth slows, regulatory crackdown persists
Dufu rides on robust demand for HDD � �
Tencent vows fresh gaming curbs after 'spiritual opium' attack zaps US$60bil
KLCI swings back above 1,500-level
Hartalega falls on caution about weaker prices
Infineon takes revenue hit from Malaysia shutdown
BMW says chip shortage, raw material prices to hit 2H
Infineon held back by tight supply, Malaysia plant hit by lockdown

Stories You'll Enjoy


Vouchers