<div class=newsTextDataWrapInner><p>This article first appeared in <em>The Edge Financial Daily</em>, on July 28, 2016.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>KUALA LUMPUR: Barakah Offshore Petroleum Bhd has won a RM38.2 million contract involving the transportation and installation of riser guards at oil and gas platforms in Sarawak.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>In a bourse filing yesterday, Barakah said it secured the contract via its wholly-owned unit, PBJV Group Sdn Bhd.</p></div>

<div class=newsTextDataWrapInner><p>“The work scope involves transportation and installation of 10 riser guards at seven platforms in SKO Field, Sarawak. The duration is four months ending in October 2016.</p></div>

<div class=newsTextDataWrapInner><p>“The value of the lump sum work scope is estimated at RM38.2 million, and is expected to contribute positively towards the earnings and net assets per share of [the] Barakah group for the duration of the work scope,” Barakah said.</p></div>

<div class=newsTextDataWrapInner><p>Barakah shares fell two sen or 2.88% to settle at 67.5 sen, valuing the company at RM556.81 million.</p></div>


This article first appeared in The Edge Financial Daily, on July 28, 2016.

 

KUALA LUMPUR: Barakah Offshore Petroleum Bhd has won a RM38.2 million contract involving the transportation and installation of riser guards at oil and gas platforms in Sarawak.

<...

Barakah gets RM38m Sarawak contract

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