Saturday 18 Jan 2025
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KUALA LUMPUR (July 31): Barakah Offshore Petroleum Bhd rose 6.45% in active trade after it bagged a contract from Enquest Petroleum Production Malaysia Ltd to provide Pan Malaysia maintenance, construction and modification (MCM) services from 2018 to 2023 under Package A.

At 9.08am, Barakah rose 1 sen to 16.5 sen with 8.13 million shares done.

Barakah said its wholly-owned subsidiary PBJV Group Sdn Bhd has received a letter of award from Enquest for the contract.

"The total value of the contract is not fixed and will depend on the actual scope based on work orders to be issued by the client from time to time throughout the duration of the contract. The contract duration is for five years from July 13," Barakah said.

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