Tuesday 6 March 2012

SapuraCrest Petroleum secures US$54m contract from Petronas Carigali

KUALA LUMPUR (March 6): SAPURACREST PETROLEUM BHD [] has secured a US$54 million contract from Petronas Carigali Sdn Bhd to provide a tender rig including a mobilisation fee.

The company said on Tuesday the contract was for 12 months starting April 1 with an option to extend for another 12 months.

“The award of the contract will have no effect on the issued and paid-up capital of the company and is expected to contribute positively to the group earnings and net tangible assets for the financial year ending 2013,” it said.



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