The effective date of the contract is on Dec 22, 2013 till Dec 21, 2018.
There is no indication on the value of the contract as the value for such services depends on the demand and activity levels of Petrofac and the scope of services rendered by KSTB during the duration of the contract, the company said in a Bursa Malaysia announcement.
KSTB said it would also be required to submit an unconditional bank guarantee in favour of Petrofac for RM6.4mil.
