T7 unit gets contract extension


In its exchange filing, the oil and gas services company said the duration of the contract bagged by its wholly owned subsidiary Tanjung Offshore Services Sdn Bhd had been extended to May 31,2021.

PETALING JAYA: T7 Global Bhd’s unit has received a contract extension for the provision of underwater inspection services using mini-ROV from Petronas Carigali Sdn Bhd.

In its exchange filing, the oil and gas services company said the duration of the contract bagged by its wholly owned subsidiary Tanjung Offshore Services Sdn Bhd had been extended to May 31,2021.

It said the contract extension is expected to contribute positively to the group’s earnings and net assets per share for the financial year ending Dec 31,2021.

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