Alam Maritim Resources Berhad (ALAM) has recently entered into a Subcontract Form of Agreement with Petronas.
In its Bursa Malaysia filing, ALAM said it has been awarded by Petronas Floating LNG 1 (L) Ltd (PFLL) a subcontract works for the engineering, procurement, installation and related activities for the floating liquefied natural gas (FLNG) Offshore Works – Mooring System Installation.
The company further said that the contract is worth RM49.0 million ($13.1 million).
According to ALAM, the duration for subcontract works is from May 20, 2015 until September 15, 2015.