KENCANA Petroleum Bhd’s unit Kencana HL Sdn Bhd has bagged a RM201.1 million contract from US-based Newfield Peninsula Malaysia Inc to procure and construct topsides.
The contract, a one-off construction deal, will involve wellhead platform topside, central processing platfoom topside, living quarters and bridge for PM329 East Piatu Development Project.
The contract will be delivered in stages within the third quarter of 2011 and will contribute towards earnings for the financial years ending July 31 2011 and 2012.
- by Business Times
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