Dayang a frontrunner for PETRONAS contract


It is reported that Dayang is set to secure three packages of the multi-year Pan Malaysia MCM hook-up and commissioning (HUC) tender.

PETALING JAYA: Dayang Enterprise Holdings Bhd is in a favourable position to clinch the decommissioning jobs in Sarawak from Petroliam Nasional Bhd (PETRONAS) by next year.

Hong Leong Investment Bank Research said based on its checks, the decommissioning of oil and gas field structures in Sarawak would be about RM1.4bil, while both Sabah and Peninsular Malaysia amounted to RM1bil in total.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

ACE Market-bound GHS posts 1Q net profit of RM1.5mil
AAX redesignates Benyamin Ismail as GM, appoints Bo Lingam as group CEO
Favelle Favco secures RM76.3mil crane orders
IJM confirms MACC, IRB presence at office
CAB Cakaran buys industrial building in Pahang for RM2.8mil
Ringgit firms against greenback on economic resilience
PJBumi forms JV with Chinese firm for oilfield equipment production
Malaysia-born billionaire investor Cheah Cheng Hye puts quarter of wealth in gold
Rianlon’s RM1.27bil project boosts Johor’s high-value manufacturing push
Opensys wins RM22mil cash recycling machines supply contract

Others Also Read