Puncak Niaga Holdings announced that its indirect wholly owned unit, GOM Resources Sdn Bhd, has bagged a service contract worth RM187.3 million from American oil company HESS.
Puncak Niaga told Bursa that the contract includes the provision of the integrated transportation and installation of offshore facilities for early production scheme, integrated gas development project and North Malay basin field.
It added the contract period will be 17.5 months and it has the option to extend for another two years by giving a written notice to GOM.
Puncak Niaga anticipates that the project would contribute positively to the future earnings and net assets of Puncak group.