Icon Offshore in talks with Perisai


In a filing with Bursa Malaysia, it said it is “in negotiation and discussion with Perisai and its subsidiaries” to purchase the rig and equity stakes in the related drilling business with a view towards finalising the terms and conditions of the proposals.

KUALA LUMPUR: Icon Offshore Bhd confirms it is in talks with Perisai Petroleum Teknologi Bhd to buy a subsidiary which owns and operates a jack-up rig.

In a filing with Bursa Malaysia, it said it is “in negotiation and discussion with Perisai and its subsidiaries” to purchase the rig and equity stakes in the related drilling business with a view towards finalising the terms and conditions of the proposals.

“Once the terms and conditions have been finalised and the definitive agreements have been signed, the details of the proposals will be released and the necessary announcement will be made on a timely basis as required by the Main Market Listing Requirements of Bursa Malaysia Securities Bhd, ” it said.

StarBiz had in its report “Game-changer deal for Icon Offshore” on Monday stated the company was 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).

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