Quick take: Dayang rises on Mubadala contract


KUALA LUMPUR: Shares in Dayang Enterprise Holdings Bhd rose in active trading Friday after securing a three-year maintenance contract from Mubadala Petroleum’s entity, MDC Oil & Gas (SK320) Ltd.

The oil and gas services provider added 1.68%, or two sen to RM1.21, its highest in two weeks.

Dayang said the contract was awarded to its wholly-owned Dayang Enterprise Sdn Bhd (DESB) for the provision of Pan Malaysia maintenance, construction and modification (PM-MCM).

Dayang said the contract was effective from Dec 9,2020, and should expire on July 16,2023, with an option to extend for a period of one year.

It said the value of the contract was based on work orders issued by Mubadala Petroleum throughout the contract duration and shall include any or all other work and services which is generally related to the scope of works in this PM-MCM Contract at a fixed schedule of rates.

Earlier, Dayang won a contract extension from Sarawak Shell Bhd.

It said its wholly-owned subsidiary DESB Marine Services received the contract extension for the provision of an accommodation workboat, Dayang Opal.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3

Dayang , Mubadala Petroleum , MDC Oil & Gas

   

Did you find this article insightful?

Yes
No

Next In Business News

Sea launches investment arm, expects e-commerce sales to double in 2021
Thai Airways plans slimmer fleet and workforce in turnaround plan
UWC doubles Q2 net profit�
Bioalpha posts RM37.8mil loss in FY20
Grand-Flo buys property assets near Genting Highlands�
Straits associate firm Banle Energy to file for HK IPO
Techfast ventures into petroleum trading, oil bunkering biz
eCurve shopping mall to undergo redevelopment
KLCI stays range-bound, market breadth negative
Bank Negara seen holding key rate as infections slow, Covid-19 vaccination starts

Stories You'll Enjoy


Vouchers