Handal JV secures RM360mil contract


In a filing with Bursa Malaysia, Handal said that the contract entails the provision of maintenance and repair services and provision of manpower services for 19 cranes located offshore Peninsular Malaysia

PETALING JAYA: Handal Resources Bhd’s joint venture (JV) has received a letter of award from Petronas Carigali Sdn Bhd for the provision of a water injection module worth about RM360mil.

According to a statement, the contract secured by the JV between Handal Engineering Sdn Bhd and Borneo Seaoffshore Engineering Sdn Bhd will begin from March 2020 for a period of seven years, with an extension option of three years.

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