KUALA LUMPUR (Nov 25): KKB Engineering Bhd has received a letter of award from Sarawak Shell Bhd (SSB) and Sabah Shell Petroleum Co Ltd (SSPC) as the primary contractor for the price agreement for engineering, procurement and construction (EPC) of standard wellhead platforms for SSB/SSPC.
In a bourse filing on Friday (Nov 25), KKB said that its subsidiary OceanMight Sdn Bhd had received the letter of award.
It said a formal contract document will be executed in due course.
The company did not disclose the value of the EPC.
KKB said the utilisation of the price agreement is subject to the purchase order to be issued by SSB and SSPC.
It said the contract is effective from Oct 24, 2022 to Oct 23, 2027.
At the midday break, KKB had fallen 2.17% or three sen to RM1.35, with 15,000 shares done.