Monday, 14 April 2014

PBJV bags 282km pipeline job near Malaysia-Thai border

Barakah Offshore Petroleum Bhd has secured a contract from GOM Resources Sdn Bhd to provide pre-commission services for a 28-inch 282km pipeline.

It said on Monday the pipeline would stretch from Kerteh in Terengganu towards the border of Malaysia/Thailand joint development area.

Barakah expects work to start in the third quarter of FY ending Dec 31, 2014 and it is expected to be completed by Q1 of 2015.

It expected the contract to contribute positively towards the earnings and net assets per share of Barakah group for the duration of the contract.