In a filing with Bursa Malaysia, Barakah said its wholly-owned subsidiary PBJV Group Sdn Bhd has received the letter of award from Samling Resources for the project, which is expected to commence this month.
The Chinguetti oil field is located approximately 80km west of the coastline and 90km from Nouakchott, Mauritania. The project involves temporary plugging of 15 wells.
"The contract is for the provision of a well intervention vessel, a platform supply vessel and all necessary parts, spares, repairs, refurbishments and/or modifications to the well intervention vessel and all coordination, technical support and supervisory works in relation thereto," Barakah said.
The filing said the contract is expected to contribute positively towards the group's earnings and net assets per share for the duration of the contract.