Alam Maritim Resources Bhd’s wholly owned subsidiary, Alam Maritim (M) Sdn Bhd, has secured two contracts with a combined value of RM85.2mil.
In an announcement to Bursa Malaysia, Alam Maritim said these contracts included a letter of award from Petronas Carigali Sdn Bhd for the provision of an accommodation vessel for a primary period of five years, with an optional extension for another one year. Valued at around RM61.32mil, this contract commenced on March 11, 2013.
It said the other contract was for the provision of a platform supply vessel and an extension of contract for a work barge from two established oil and gas services companies. The provision of the platform supply vessel is for a primary period of 270 days, with an optional extension for another 135 days, while the provision of the work barge is for 104 days with no option to extend.