Icon Offshore secures RM23m job from Hess Exploration


Scomi Group Bhd surprised investors when it proposed to revise its current issued share capital reduction from RM224.96mil to RM3mil from the earlier RM40mil.

KUALA LUMPUR: Icon Offshore Bhd's unit has bagged a RM23mil contract to provide a utility vessel to Hess Exploration and Production Malaysia B.V. 

It said on Friday the contract would be for three years with two extension options of one year each, subject to the approval from Hess and/or Petronas Carigali Sdn Bhd.

Icon Offshore said the contract was expected to contribute positively to its earnings, order book and net assets for the financial year ending Dec 31, 2018 and beyond. 
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