Alam Maritim Bags $9.6M Deal to Demobilize a Floating Storage Facility

Malaysia-based Alam Maritim Resources Berhad disclosed Monday that the firm's wholly-owned subsidiary Alam Maritim (M) Sdn Bhd has received and accepted a Letter of Award, valued at approximately $9.56 million, from a local oil and gas services company to provide demobilization services for a floating storage facility offshore Malaysia.

Alam Maritim will carry out work on the contract from Oct. 6 to Nov. 15.

"The Contract, valued at approximately $9,563,235.00, is expected to contribute positively to the earnings and net tangible assets of ALAM for the financial year ending Dec. 31 and beyond," Alam Maritim Resources said in a filing on local stock exchange Bursa Malaysia Monday.



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
 -  What Should Go On Your Electrical Engi... (Jul 25)
 -  AECOM to Lead Permitting for Monkey Is... (Jul 25)
 -  LyondellBasell Plans Its Largest Inves... (Jul 21)
 -  Preparing a Mechanical Engineering Res... (Jul 19)
 -  Tesoro Signs Deal with Pemex to Enter ... (Jul 19)


Most Popular Articles

From the Career Center
Jobs that may interest you
Field Operator - Cementation
Expertise: Cementing
Location: Hobbs, NM
 
Field Operator - Cementation
Expertise: Cementing
Location: Odessa, TX
 
Field Operator
Expertise: Field Service Tech
Location: Odessa, TX
 
search for more jobs

Brent Crude Oil : $50.97/BBL 1.53%
Light Crude Oil : $48.75/BBL 1.79%
Natural Gas : $2.92/MMBtu 0.68%
Updated in last 24 hours