KUALA LUMPUR (Feb 22): KENCANA PETROLEUM BHD [] has secured a RM101 million contract from Murphy Sarawak Oil Co. Ltd for two offshore platforms in Sarawak.
It said on Wednesday its unit Kencana HL Sdn Bhd was awarded the engineering, procurement and CONSTRUCTION [] (EPC) contract for the construction of two offshore platforms - the Patricia and Serendah platforms - which are part of the SK309 field development near Bintulu.
"The contracts are expected to contribute positively to the earnings of Kencana Petroleum Group for the financial year ending July 31, 2012 and financial year ending 2013," it said.
Kencana said that construction would start in the first quarter of 2012 and end in the third quarter.
It said on Wednesday its unit Kencana HL Sdn Bhd was awarded the engineering, procurement and CONSTRUCTION [] (EPC) contract for the construction of two offshore platforms - the Patricia and Serendah platforms - which are part of the SK309 field development near Bintulu.
"The contracts are expected to contribute positively to the earnings of Kencana Petroleum Group for the financial year ending July 31, 2012 and financial year ending 2013," it said.
Kencana said that construction would start in the first quarter of 2012 and end in the third quarter.
