Barakah gets service deal with EnQuest in Malaysia

Illustration. EnQuest’s PM8 Seligi platform offshore Malaysia; Source: EnQuest

A wholly-owned subsidiary of Malaysia’s Barakah Offshore, PBJV Group, has received a letter of award from EnQuest for the provision of maintenance, construction, and modification work in Malaysia.

Barakah said in a Bursa Malaysia filing on Monday that the contract was for five years effective from July 13, 2018, and would last until 2023.

The total value of the contract is not fixed and will depend on the actual scope based on work orders to be issued by the client from time to time throughout the duration of the contract.

Barakah added that the contract was expected to contribute positively towards the earnings and net assets per share of the Barakah Group for the duration of the contract.

The company also said that risk factors affecting the contract included execution risks such as availability of skilled manpower and materials and changes in prices of materials but that the company had a track record which could mitigate such risk factors.

Share this article

Follow Offshore Energy Today

Events>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

OWI LATAM 2019

Over the two-day conference, 25+ expert speakers will share exclusive insight on how to develop an integrity, production and P&A strategy…

read more >

Nigeria Oil & Gas Conference & Exhibition 2019

The annual meeting once again proved to be a great success, gathering over 700 industry professionals…

read more >

08th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

Gas Indonesia Summit 2019

Gas Indonesia Summit & Exhibition is returning for the fourth edition in Jakarta…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply