Friday 24 Jan 2025
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KUALA LUMPUR (Jan 23): T7 Global Berhad (KL:T7GLOBAL) has secured a contract with Hess Exploration and Production Malaysia BV for the provision of pan-Malaysian offshore maintenance, construction, modification and hook-up commissioning services.

In a bourse filing on Thursday, the oil and gas company said the contract, awarded to its wholly-owned Tanjung Offshore Services Sdn Bhd, was for B3 Package. However, the value of contract, which was awarded in November 2024, was not disclosed.

Work on the project commenced on Nov 11, 2024 and completion is expected by Nov 10, 2029, with an optional extension of three years, followed by another two years.

The company said the job is expected to contribute positively to the group's earnings for the financial year ending Dec 31, 2024 (FY2024) and onwards, until the contract’s expiry.

T7 Global is involved in the provision of engineering equipment packages, maintenance services and production platform services to the oil and gas industry.  

The group is also involved in construction, property and investment holding, and manufacturing and treatment of aerospace parts.  

At the time of writing, T7 Global shares were down by half a sen or 1% to 47.5 sen, valuing the company at RM412.5 million.

Edited ByIsabelle Francis
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