PBJV receives award to repair and maintain Sabah Sarawak Gas Pipeline
Published by Stephanie Roker,
Editor
World 鶹ýӳ,
Barakah Offshore Petroleum Berhad stated that its wholly owned subsidiary 鶹ýӳ PBJV Group Sdn Bhd (PBJV) 鶹ýӳ received a Letter of Award (LoA) from PETRONAS Gas Bhd (PGB). The award is to provide repair and maintenance services for the 312 mile (503 km) Malaysian Sabah Sarawak Gas Pipeline.
The two year contract 鶹ýӳ from 1 December 2015 to 30 November 2017 鶹ýӳ will see PBJV inspecting, testing and repairing pipes to maintain pipeline integrity. The company also has the option to extend the contract for an additional year.
In a filing to Bursa Malaysia, Barakah stated: 鶹ýӳThe value of the contract will depend on the number of work programmes to be carried out for the duration of the contract based on unit rates specified in the contract. It is expected to contribute positively towards the earnings and net assets per share of Barakah Group for the duration of the contract.鶹ýӳ
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Read the article online at: /business-news/14122015/pbjv-receives-award-to-repair-and-maintain-sabah-sarawak-gas-pipeline/
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