Icon Offshore bags US$13.3mil Petrofac drilling job

KUALA LUMPUR: Icon Offshore Bhd said its 51% subsidiary Perisai Offshore Sdn Bhd (POSB) has secured a US$13.3mil drilling contract from Petrofac.

Work of the project is expected to start in April for a period of 180 days to drill eight wells and an option for another three wells.

The contract is for the provision of one jack up drilling rig, namely Perisai Pacific 101.

"With this Award, the order book will increase to RM768.8mil," Icon Offshore said.

POSB is a new subsidiary which was recently acquired by Icon Offshore, via the completion of 51% shares acquisition from Perisai Petroleum Teknologi Bhd.

These acquisitions by ICON also include the acquisition of Perisai Pacific 101 and purchase and assignment of intellectual property to operate the rig.