Handal Resources Berhad has announced that its subsidiary Handal Offshore Services Sdn Bhd on 7 August 2012 received a Letter of Award from Carigali Hess to provide long-term crane services.
The contract effective date is 13 August 2012 for a duration of three (3) years at approximate value of RM11 million.
The contract is expected to contribute positively to revenue and earnings and net assets per share of the HRB Group for the financial year ending 31 December 2012.
Carigali Hess is a Joint Venture between Hess and Petronas Carigali. The JV operates JDA Block A-18 in northern Malay basin.
Offshore Energy Today Staff, August 15, 2012