Dayang wins contract extension from PETRONAS Carigali

KUALA LUMPUR: Dayang Enterprise Holdings Bhd's wholly-owned subsidiary DESB Marine Services Sdn Bhd has been awarded contract extension for the provision of three units of accommodation work boat (AWBOAT) from PETRONAS Carigali Sdn Bhd (PCSB).

In a filing with Bursa Malaysia, Dayang said the value of the extended contracts was based on work orders issued by PCSB throughout the contract extension.

The contract extension for the first vessel, Dayang Zamrud, commenced on Oct 27, 2023, for 279 days, while for the second vessel, Dayang Pertama, the extension started on Oct 10, 2023, for 296 days.

The contract extension for the third vessel, Dayang Berlian, began on Oct 25, 2023, for 281 days.

“The extended contracts will have no effect on the issued capital of the company and is expected to contribute to the earnings of Dayang over the extended duration of the same,” it said.

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