KUALA LUMPUR: TH Heavy Engineering Bhd’s (THHE) international oil company partner is bidding for a risk service contract (RSC) valued at US$500mil (RM1.55bil), and the results of the bidding process should be made known sometime in July, said chairman Datuk Azizan Abd Rahman.
While declining to reveal the name of the partner, Rahman said that if it was successful in garnering the RSC, THHE’s role would be in providing services, and not exploration works. The structure between the partner and THHE have yet to be finalised.
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