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SapuraKencana unit wins US$180 m contract

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SapuraKencana unit wins US$180 m contract Empty SapuraKencana unit wins US$180 m contract

Post by Cals Wed 10 Jul 2013, 03:34

SapuraKencana unit wins US$180 m contract
Business & Markets 2013
Written by Shalini Kumarof theedgemalaysia.com
Tuesday, 09 July 2013 18:37

KUALA LUMPUR (July 9): SapuraKENCANA PETROLEUM BHD []’s wholly-owned unit, Kencana HL Sdn Bhd, has won a US$180 million contract from Trans Thai-Malaysia (Malaysia) Sdn Bhd (TTM) in relation to TTM's JDA Gas Balancing Evacuation project.

In a filing with Bursa Malaysia today, the company said the contract comprises the provision of engineering, procurement, CONSTRUCTION [], installation and commissioning for the EVA project for a period of three years.

“The works are expected to commence in the second quarter of 2013 and expected to be completed by the first quarter of 2016,” said SapuraKencana in its filing.

The contract is expected to contribute positively to the earnings of the SapuraKencana Group for its duration.
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