Friday, 13 April 2012

Kejuruteraan Samudra Timur gets 3-year contract from Talisman

KUALA LUMPUR (April 13): KEJURUTERAAN SAMUDRA TIMUR BHD [] has secured a three-year contract from Talisman Malaysia Ltd for the provision of tubular handling equipment and services (“the Contract”) for a period of three (3) years effective from 9 April 2012 until 8 April 2015, with one (1) extension option of one (1) year.

In a filing on April 12, KSTB said that there was no indication on the value of the Contract in the award and it was subjective depending on the activities level by Talisman throughout the contract period.

It said the contract was expected to contribute positively to its future revenue and earnings.

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