Kencana Petroleum Bhd has secured a RM48.9mil contract from Petrofac E & C Sdn Bhd to refurbish and convert a mobile offshore production unit.
It said its unit Kencana HL Sdn Bhd had on May 7, entered into the contract with Petrofac.
Under the contract, Kencana HL would undertake the engineering, procurement, and construction to refurbish and convert the production unit for an oilfield offshore Peninsular Malaysia.
"The total value of the contract is estimated at RM48.9mil. It is a one-off EPC contract and is expected to be delivered to the client within the third quarter of calendar year 2012," Kencana said.
