PETALING JAYA: T7 Global Bhd
’s wholly-owned subsidiary Tanjung Offshore Services Sdn Bhd has secured a contract from PETRONAS Carigali Sdn Bhd for the provision of integrated well plug and abandonment, and project management team services for the Zuhal East Well Abandonment project.
In a filing with Bursa Malaysia, the company said the project is scheduled to run from Nov 17, 2025 to March 31, 2026.
“The board envisages the award will contribute positively to the earnings and net assets of the company for the financial year ending Dec 31, 2025 and onwards until the expiry of the contract,” T7 Global said.
T7 Global said the risk factors affecting the award include, amongst others, execution risks such as availability of skilled workforce, equipment, and regulatory conditions.
