Alam Maritim Resources Wins $12M Contract to Provide a Supply Vessel

Malaysia's Alam Maritim Resources Berhad (AMRB), a provider of offshore supply vessels and subsea services in Southeast Asia, reported Monday that its wholly-owned subsidiary, Alam Maritim (M) Sdn Bhd, has recently been awarded  a contract for the provision of one unit straight supply vessel for an established oil and gas company.

The contract is worth approximately $12.05 million (MYR 37.9 million), with the value inclusive of the optional periods if exercise by client. The contract is for a firm period of three years with an extension option for one year. 

"The contract is expected to contribute positively to the earnings and net assets of AMRB for the financial year ending Dec.31, 2013 up to 2017," the company said in an announcement on the local stock exchange Bursa Malaysia.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  New Zealand Opens Block Offer Tender f... (Mar 22)
 -  High Calibre Staff Helps EnerMech Secu... (Mar 22)
 -  Offshore Industry To Play 'Vital Role'... (Mar 22)
 -  Unite Members Reject Latest OCA Deal (Mar 21)
 -  Aker Solutions Secures Johan Sverdrup ... (Mar 21)


Most Popular Articles

From the Career Center
Jobs that may interest you
Offshore Natural Gas / Compressor Mechanic
Expertise: Field Service Tech|Maintenance Technician
Location: Lafayette, LA
 
Pneumatic Technicians
Expertise: Field Service Tech|Maintenance Technician
Location: Lafayette, LA
 
I&A Technician
Expertise: Electrical Technician|Instrumentation Technician
Location: Midland, TX
 
search for more jobs

Brent Crude Oil : $50.64/BBL 0.62%
Light Crude Oil : $48.04/BBL 1.47%
Natural Gas : $3.01/MMBtu 2.58%
Updated in last 24 hours