Alam Maritim gets award from Vestigo


In its filing with Bursa Malaysia, the oil and gas services company said the contract won by its wholly-owned subsidiary, Alam Maritim (M) Sdn Bhd, would be on a call basis, effective from July 7 this year.

PETALING JAYA: Alam Maritim Resources Bhd’s unit has bagged an award from Vestigo Petroleum Sdn Bhd for the provision of underwater services.

In its filing with Bursa Malaysia, the oil and gas services company said the contract won by its wholly-owned subsidiary, Alam Maritim (M) Sdn Bhd, would be on a call basis, effective from July 7 this year.

The award would be valid until Aug 28,2023, it said.

Alam Maritim said the contract was expected to contribute positively to its earnings and net tangible assets for the financial year ending Dec 31,2020.

The company’s shares gained half a sen to close at 9.5 sen yesterday.

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