Kencana Petroleum Bhd's wholly-owned subsidiary, Kencana HL Sdn Bhd, has secured a contract from Petronas Carigali Sdn Bhd for the provision of a single buoy mooring overhaul for Petronas Carigali's Sarawak Operations.
The total value of the contract is estimated at about RM16.4 million, Kencana Petroleum said in a statement today.
The contract is for a one-off period and expected to commence within January next year.
It is also expected to contribute positively to the earnings and net asset per share of the Kencana Petroleum Group for the financial year ending July 31, 2011.--BERNAMA
