T7 Global unit bags Petrofac contract

KUALA LUMPUR: T7 Global Bhd's wholly-owned subsidiary Tanjung Offshore Services Sdn Bhd has secured a contract from Petrofac (Malaysia-PM304) Limited for the provision of Pan-Malaysia maintenance, construction, modification (MCM) and hook-up and commissioning (HUC) services for B3 package.

It said in a bourse filing the contract commences on Oct 30, 2024, for a primary period of five years with the addition of three- and two-year extension options.

For Petrofac, the contract duration shall remain valid until Sept 22, 2026.

The board expects the award to 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.