Deleum's indirect subsidiary bags RM105mil PETRONAS contract

KUALA LUMPUR: Deleum Bhd's 86.67%-owned indirect subsidiary Deleum Technology Sdn Bhd (DTS) has secured a contract from PETRONAS Carigali Sdn Bhd for the provision of offshore maintenance, construction and modification (MCM) services covering Peninsular Malaysia assets (gas package) for 2024.

In a filing with Bursa Malaysia, Deleum said the contract, valued at RM105mil, will run from May 16, 2024, to Dec 31, 2024.

It said the contract is expected to be funded via internally generated funds.

"The contract is expected to contribute positively to the revenue, earnings, and net assets of Deleum and its group of companies for the duration of the contract," it added.