Jasa Merin Bags Contract from Vestigo for Malaysia's Tembikai Field Project

Malaysia's SILK Holdings Bhd's (SHB) subsidiary Jasa Merin (Malaysia) Sdn Bhd (JMSB) bagged Wednesday a contract from Vestigo Petroleum Sdn Bhd (VPSB) to provide marine vessel services to support the latter's drilling program and production at the Tembikai Field Development, located approximately 93 miles east of Terengganu, offshore Peninsular Malaysia.

The Vestigo contract, commencing from the third week of June, is for a primary term of two years.

SHB indiacted that the contract is worth around $5.9 million (MYR 21.7 million) for the primary term, the company said in a filing with local stock exchange Bursa Malaysia.

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