SapuraKencana Petroleum Berhad announces that its wholly-owned subsidiary, Kencana HL Sdn Bhd has received a letter of award from Trans Thai-Malaysia (Malaysia) Sdn Bhd for the provision of engineering, procurement, construction, installation and commissioning (EPCIC) of JDA Gas Balancing Evacuation Project for TTM.
The Contract is valued at approximately USD 180,6 million. The Contract is for a period of three years and the works are expected to commence in the second quarter of 2013 and expected to be completed by the first quarter of 2016.
The Contract should contribute positively to the earnings of SapuraKencana Group for the duration of the Contract.
SapuraKencana Group has, throughout the years, established its track records and expertise to undertake such projects.
[mappress]
July 9, 2013