Handal to Provide Crane Services to Petronas (Malaysia)

Malaysia-based Handal Offshore Services Sdn Bhd  has received a Letter of Award from PETRONAS Carigali Sdn Bhd for the provision of integrated crane services .

The approximate value of the contract is approximately USD 40 million. The contract is for duration of five years commencing in June 2012.

Handals has said that 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.

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Offshore Energy Today Staff, June 11, 2012