PETALING JAYA: T7 Global Bhd
has secured an enabling agreement from ExxonMobil Exploration and Production Malaysia Inc for the provision of offshore maintenance, construction, modification and hook-up and commissioning services for Pan-Malaysia’s Package B2 – Guntong.
In a filing with Bursa Malaysia, the group said the contract was effective for a period of five years from Dec 1, 2024, to Nov 30, 2029, with subsequent extension options of three and two years.
The company said the award will contribute positively to the earnings and net assets of the company for the financial year ending Dec 31, 2024, and onwards until the expiry of the contract.
“The risk factors affecting the award include, amongst others, execution risks such as availability of skilled manpower, equipment and regulatory conditions.”
