This article first appeared in The Edge Financial Daily on April 28, 2017 - May 4, 2017
KUALA LUMPUR: T7 Global Bhd, formerly Tanjung Offshore Bhd, has obtained a one-year extension of its contract with Petronas Carigali Sdn Bhd for the provision of a construction work request worth about RM200 million. It also won a RM15 million contract from Sarawak Shell Bhd for the provision of professional manpower under an umbrella contract.
In a filing with Bursa Malaysia, T7 Global said Fircroft Tanjung Sdn Bhd, an associate of Tanjung Offshore Services Sdn Bhd, had received a letter of award from Sarawak Shell.
Fircroft is required to provide 100% of the local manpower that will be deployed for the duration of the contract, which is two years with a one-year extension option, commencing on March 1, 2017.
“We are proud that this newly awarded contract resounds the trust in our working relationship with Sarawak Shell. We will be vigilant in meeting all parameters to ensure a successful delivery,” Tanjung Offshore chief executive officer Muhammad Sabri Ab Ghani said.
As for the contract extension awarded by Petronas Carigali, Tanjung Offshore was initially offered the contract on Jan 15, 2015, for a two-year contract period until Jan 14, 2017.
With this award, Tanjung Offshore will continue to perform its obligations in the extended period, from Jan 16 this year to Jan 15, 2018.