KUALA LUMPUR: Shares of Barakah Offshore Petroleum Bhd surged 18% in early trade Thursday  on the heels of its new five-year service contract from Petrofac (Malaysia-PM304) Ltd.

One of the most active counters, the oil and gas services company jumped 18.18%, or one sen to 6.5 sen with 9.62 million shares traded. Its shares have fallen some 76% in the past one year.