Thursday 28 Sep 2023
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KUALA LUMPUR (Sept 15): Offshore marine service provider Perdana Petroleum Bhd said it has secured two work order awards worth RM11.6 million from Petronas Carigali Sdn Bhd.

The contracts involve the provision of anchor handling tug and supply vessels with crew and equipment to perform 24-hour services for assisting and servicing drilling rigs, offshore installation, derrick barges, towing and anchor jobs.

In a bourse filing, Perdana Petroleum said its wholly owned subsidiary, Perdana Nautika Sdn Bhd, received the first work order award worth RM6 million on July 4. The contract commenced on July 15 and is slated to take up to 90 days.

In another filing, Perdana Petroleum said Perdana Nautika on July 1 secured a RM5.6 million work order extension award from Petronas Carigali.

"The duration of the initial contract that commenced on April 27 was for up to 15 days with option to extend up to 14 days. Subsequently, Perdana Nautika received the contract extending the duration for another 120 days, to commence on July 4," it added.

Perdana Petroleum said both contracts are expected to contribute positively to the earnings and net assets of the group for the financial year ending Dec 31, 2022.

In March, the group announced that it received three vessel chartering contracts from Petronas Carigali on Feb 14.

Perdana Petroleum's share price closed 6.25% or half a sen higher at 8.5 sen on Thursday (Sept 15), bringing the group a market capitalisation of RM188.4 million.

Edited ByS Kanagaraju
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