Brunei: Dayang Secures Workboat Contract Extension with Shell

Dayang Enterprise Holdings Bhd’s wholly owned subsidiary DESB Marine Services Sdn Bhd has obtained a contract extension worth RM85mil for the time charter of its workboat, Dayang Zamrud, for well Reservoir Management to Brunei Shell Petroleum Co Sdn Bhd.

The new contract is from March 1 to Oct 31, 2016.

“The contract extension is expected to contribute positively to the earnings and net assets of Dayang group for the financial year ending Dec 31, 2012 and subsequent financial periods within the duration of the extension,” Dayang said Monday.

Dayang group has other contracts worth more than RM1.5bil that could last until 2016. This includes a RM802mil contract from Petronas Carigali Sdn Bhd secured early last year to provide topside structural maintenance services in Sarawak, Sabah and the peninsula.

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World Maritime News Staff, January 19, 2012; Image: Dayang