Barakah Offshore Petroleum Berhad Contract Award
Thursday 2 August 2018
Barakah Offshore Petroleum Berhad announced that its wholly-owned subsidiary company, PBJV Group Sdn Bhd ("PBJV"), has received a Letter of Award from Enquest Petroleum Production Malaysia Ltd for the Provision of Pan Malaysia Maintenance, Construction and Modification ("PM-MCM") Contract for year 2018-2023 Package A.
The total value of the Contract is not fixed and will depend on the actual scope based on work orders to be issued by the client from time to time throughout the duration of the Contract. The Contract duration is for five years effective from 13 July 2018.
The Contract is expected to contribute positively towards the earnings and net assets per share of Barakah Group for the duration of the Contract.