KUALA LUMPUR: T7 Global Bhd
has secured two contracts worth a combined value of about RM100mil under its energy division for recruitment and manpower services and offshore construction services.
In a statement, the energy solutions provider said the first award was from the PTTEP Group of Companies for the provision of headhunting and recruitment services.
The second award was from Hibiscus Oil & Gas Malaysia Ltd for the provision of facilities decommissioning services for South Angsi Alpha.
According to group CEO Tan Kay Zhuin, the projects are expected to contribute positively to T7 Global's earnings and net assets for the next two years.
Meanwhile, Tan said the group is optimistic the manpower segment will continue to grow in the region.
"The Hibiscus award marks an important milestone for the Company to execute offshore facility decommissioning projects of such scale.
"There is initiative for Rig-to-Reef by converting the structures into artificial reef to enhance the marine habitat at the intended location.
"We see this as a sustainable approach for oil & gas operators moving forward which can contribute to their Environmental, Social and Governance (ESG) agenda," he said.
He added that the group will be on the lookout for more ESG-related projects in the region.
