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Barakah offshore unit bags up to RM25 mln contract

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Barakah offshore unit bags up to RM25 mln contract Empty Barakah offshore unit bags up to RM25 mln contract

Post by Cals Fri 22 Nov 2013, 22:51

Barakah offshore unit bags up to RM25 mln contract
Business & Markets 2013
Written by Bernama   
Friday, 22 November 2013 19:53
KUALA LUMPUR (Nov 22): Barakah Offshore Petroleum Bhd's wholly-owned subsidiary, PBJV Group Sdn Bhd, has bagged a contract, worth between RM20 million and RM25 million, from Kebabangan Petroleum Operating Company Sdn Bhd.

The company said the contract was for the provision of dewatering, drying and dry preservation of 14 inch and 24 inch KBB Linepipes for the Kebabangan Northern Hub Development Project.

"The work is expected to commence in the fourth quarter and be completed by the first quarter of next year," it said in a filing to Bursa Malaysia.

The contract is expected to contribute positively towards the group's earnings and net assets per share for the financial year ending Sept 30, 2014. -- BERNAMA
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