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Kencana unit gets RM216m job from Petrofac
by hlk Tue 29 Mar 2011, 19:51
KUALA LUMPUR: KENCANA PETROLEUM BHD [] has secured a RM216 million contract from Petrofac Malaysia Ltd for the CONSTRUCTION [] of well head platforms for the Cendor oil field off the coast of Terengganu.
Kencana said on Tuesday, March that its unit Kencana HL Sdn Bhd would
undertake the engineering, procurement and construction of two units
wellhead platforms for the Cendor Phase 2 Development Project.
It said the contract was a one-off construction contract and expected to be completed within the second quarter of 2012.
Kencana said the contract was expected to contribute positively to
its earnings for the financial years ending July 31, 2011 and 2012.
Kencana said on Tuesday, March that its unit Kencana HL Sdn Bhd would
undertake the engineering, procurement and construction of two units
wellhead platforms for the Cendor Phase 2 Development Project.
It said the contract was a one-off construction contract and expected to be completed within the second quarter of 2012.
Kencana said the contract was expected to contribute positively to
its earnings for the financial years ending July 31, 2011 and 2012.
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