Muhibbah Engineering-led consortium bags RM322mil job from PETRONAS Carigali


KUALA LUMPUR: Muhibbah Engineering Bhd, via a consortium, has accepted a RM322 million project award from Petronas Carigali Sdn Bhd related to the Gansar Project, 190 kilometres offshore Terengganu.

In a filing with Bursa Malaysia, the oil and services provider said the 22-month contract would involve the provision of engineering, procurement, construction and commissioning plus installation (EPCC+1) of Light Weight Structure (LWS), Duyong Brownfield Modification and Host Tie-In services for the Gansar Project.

"The contract is expected to contribute positively to the earnings and net assets of the Muhibbah group for the current and future financial years. The contract does not have any impact on the share capital and shareholding structure of Muhibbah.

"The contract is within the normal ordinary business scope of Muhibbah group, so it is not expected to expose the group to any new risks other than those through its existing businesses," it said. - Bernama

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In Business News

Digi.Com proposes change of name to CelcomDigi Bhd
PETRONAS, ExxonMobil to jointly develop carbon capture projects
AirAsia X posts 324% rise in passengers to 337k
Measat inks MoU with Parcel365 and M2B Services on Digital Village365 initiative
HeiTech Padu bags RM38.6mil contract from MOHE
FBM KLCI continues losing streak, down for third day
Oil prices advance on US growth, Chinese recovery hope
Akio Toyoda set to remain a force at Toyota, even as he bows out
Asian FX, stocks rise as strong U.S. GDP data aids risk sentiment
Asian equities hit 9-month high as recession fears wane

Others Also Read