Icon to provide jack-up drilling rig to Petrofac

"Together with Icon’s strict health, safety, security and HSSE policy and procedures, Icon is of the view that the likelihood and impact of these risks are considered to be manageable within an acceptable level, ” the company said in a filing to Bursa Malaysia.

KUALA LUMPUR: Icon Offshore Bhd, through its 51%-owned subsidiary POSB, has bagged an award to provide a jack-up drilling rig to Petrofac for US$13.3mil.

The award increases Icon’s order book to RM768.8mil and is expected to contribute positively to the company’s earnings, order book and net assets for the financial year ending Dec 31,2021.