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.

Illustration; Author: SP Mac – shared with permission from the photographer

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).

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