Moody's outlook on the Korean banking system has been negative since May 2016.
KUALA LUMPUR: Barakah Offshore Petroleum Bhd
’s wholly-owned subsidiary, PBJV Group Sdn Bhd, has bagged a provision contract from Murphy Sabah Oil Co Ltd and Murphy Sarawak Oil Co Ltd worth RM20mil.
The two-year contract was for the provision of production riser tensioner overhaul, maintenance and upgrade for Murphy production operations.
“The contract involves the overhaul of Kikeh dry tree unit and the modification and improvement of production riser tensioner to extend the service life,” the oilfield services provider said in a filing with Bursa Malaysia on Friday.
Barakah Offshore said the project would commence this month and was expected to contribute positively towards its earnings and net assets per share. - Bernama
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