Kencana gets RM34m Petronas Carigali job

Oil and gas support services provider Kencana Petroleum Bhd has clinched a RM33.9 million hook-up and commissioning job from national oil company Petroliam Nasional Bhd’s upstream unit Petronas Carigali Sdn Bhd.

In a statement to the exchange yesterday, Kencana said the job constituted a portion of the contract from Petronas Carigali for the provision of hook-up and commissioning service for the oil company’s facilities between 2007 and 2010.

“The work order is expected to contribute positively to the earnings of Kencana Petroleum Group for the financial year ending July 31, 2011,” Kencana said.




This article appeared in The Edge Financial Daily, June 30, 2010.