Game-changer deal for Icon Offshore

Perisai Petroleum Teknologi Bhd maiden jack-up drilling rig, Perisai Pacific 101 at PPL Shipyard in Singapore. - Filepic

PETALING JAYA: Icon Offshore Bhd is buying a subsidiary of Perisai Petroleum Bhd that owns and operates a jack-up rig known as Perisai Pacific 101 (PP101) at a price tag of US$40mil (RM173mil), according to sources.

Perisai bought the PP101 back in 2014 for US$200mil (RM604mil).