T7 Global bags Repsol Malaysia contract


  • Energy
  • Monday, 13 Jan 2020

T7 Global Bhd has secured a contract from Repsol Oil & Gas Malaysia Ltd to provide maintenance, construction and modification services for PM3-CAA and PM-305.

KUALA LUMPUR: T7 GLOBAL BHD has secured a contract from Repsol Oil & Gas Malaysia Ltd to provide maintenance, construction and modification services for PM3-CAA and PM-305.

The company said on Monday its unit Tanjung Offshore Services Sdn Bhd had received a letter of award dated Dec 19 for the five-year contract.

“The contract value shall be as per work order request by Repsol Oil & Gas Malaysia Ltd, ” it said.

T7 Global said the risk factors affecting the award include execution risks such as availability of supplies, equipment, goods and regulatory conditions.

It expected the contract to contribute positively towards the earnings and net assets per share of T7 Global for the financial year ending Dec 31,2020.

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