KUALA LUMPUR (Jan 26): ALAM MARITIM RESOURCES BHD [] has landed a US$37 million (RM115 million) transportation, installation and pre-commissioning contract from Samsung Engineering (Malaysia) Sdn Bhd (SEMSB).
The company said on Thursday that its unit Alam Maritim (M) Sdn Bhd had received the contract fom SEMSB for the transportation, installation and pre-commissioning of two pipelines, two single point moorings and two PLEM’s (pipeline end manifold) in connection with Sabah Oil & Gas Terminal Project.
It said the engineering work was expected to start iimmediately and the anticipated delivery date was by the third quarter of the financial year ending Dec 31, 2012.
It said the contract was not renewable.
Alam Maritim said the contract was expected to positively contribute to its earnings for the financial year ending Dec 31, 2012.
The company said on Thursday that its unit Alam Maritim (M) Sdn Bhd had received the contract fom SEMSB for the transportation, installation and pre-commissioning of two pipelines, two single point moorings and two PLEM’s (pipeline end manifold) in connection with Sabah Oil & Gas Terminal Project.
It said the engineering work was expected to start iimmediately and the anticipated delivery date was by the third quarter of the financial year ending Dec 31, 2012.
It said the contract was not renewable.
Alam Maritim said the contract was expected to positively contribute to its earnings for the financial year ending Dec 31, 2012.
