Handal bags five contracts from new and existing clients

KUALA LUMPUR: Handal Energy Bhd (Handal), a leading integrated services provider to the oil and gas (O&G) industry, has secured four new purchase orders (PO) and one contract extension via its wholly-owned subsidiary, Handal Cranes Sdn Bhd and 51 per cent-owned subsidiary, Borneo Seaoffshore Engineering Sdn Bhd (BSOE).

The company said Handal Cranes accepted a one-off PO for the fabrication of a new crane from PT Meindo Elang Indah, a leading engineering, procurement, construction, and installation contractor from Indonesia, for Pertamina.

Meanwhile, BSOE recently secured a one-year contract extension from Petronas Carigali Sdn Bhd for the provision of pipeline isolation and additional scope for the provision of a riser corrosion prevention system and maintenance.

BSOE also secured a one-off PO from Shell for the provision of vendor support for alternating current field measurement (ACFM) and equipment and personnel (ROV Deployable) at one of the latter's facilities offshore Sarawak, as well as a one-off PO from E&P O&M Services Sdn Bhd for the provision of positive isolation by mechanical plug for one of its clients.

Handal group managing director Sunildeep Dhaliwal said the new contract wins and extension would allow the group to improve its revenue streams and further ease cash flow challenges which is a key enabler in providing a sustainable and rejuvenated service level to its clients.

"By the same token, Handal will continue to look for new deployable technologies including innovative solutions that will benefit and improve client’s life cycle cost, operations and asset integrity management, such as the ACFM technology,” he said in a statement today. - Bernama