Saturday 24 Feb 2024
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KUALA LUMPUR (Oct 2): Carimin Petroleum Bhd has won a five-year contract from Petronas Carigali Sdn Bhd to provide maintenance, construction and modification (MCM) Services (Package C (Offshore) Peninsular Malaysia Oil) for an undisclosed sum.

In a filing with Bursa Malaysia this morning, Carimin said its unit Carimin Engineering Services Sdn Bhd, had on Sept 20 accepted a letter of award from Petronas Carigali for the contract.

It said the duratipon of the contract was for a primary period of five years with one (1) year extension option effective from Sept 20 and will expire on Sept 19, 2022, at an agreed fixed schedule of rates.

It added the details of the scope of works in relation to the Contract will be addressed in a work order which will be issued by Petronas Carigali and shall include any or all other work and services which is generally related to topside structural maintenance, workover preparation and facilities improvement project.

Carimin said the contract was expected to contribute positively to the its earnings over the durations of the contract.

Trading in the trading of Carimin’s securities was halted from 9am-10am this morning ahead of the announcement.

At 10.16am, Carimin dipped 0.91% or 0.5 sen to 54.5 sen with 4.01 million shares traded.

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