Malaysian contractor snaps up two offshore deals
- Business & Finance
Two subsidiaries of Malaysia’s engineering services company T7 Global have been awarded contracts from Hess and PTS Resources.
The first contract was awarded to Tanjung Offshore Services by Carigali Hess Operating Company for the provision of onshore fabrication, offshore hook-up, and commissioning for infill flowlines.
T7 Global said on Tuesday that the letter of award dated was received on 31 March 2020.
The company stated in a Bursa Malaysia filing that the duration of the contract was four years, with an expected start from 1 June 2020.
The value of the contract will be based on a work order request from Carigali Hess.
The stock filing also showed that T7 Wenmax, another subsidiary of T7 Global, received a letter of award dated 14 May 2020 from PTS Resources for the supply of systems and equipment.
The duration of the contract is for a period of one year, with an expected start from 18 May 2020.
According to T7 Global, the total provision value of the contracts is approximately RM140 million ($32.1 million).