Dayang Wins $67.4M Job from PETRONAS Carigali for Work Off East Malaysia

Dayang Enterprise Holdings Bhd, an offshore oil and gas services company, reported Thursday that its wholly-owned subsidiary company, Dayang Enterprise Sdn Bhd, has recently been awarded a contract for a facilities improvement project (FIP) offshore Sarawak and Sabah, East Malaysia by PETRONAS Carigali Sdn Bhd (PCSB), the firm said in a filing with local stock exchange Bursa Malaysia.

The $67.4 million (MYR 250 million) contract, covering the FIP for Petronas Carigali-Package A: Sarawak Operations (SKO) Offshore and Sabah Operations (SBO) Offshore, was awarded May 26 and will run for two years from June 8 to June 7, 2017.

Dayang Enterprise shall perform work on the contract on a call-out basis and shall include any or all other work and services which is related to modification or upgrading including working under SIMOPS (simultaneous operations), hook-up and commissioning and major construction work.

PETRONAS Carigali is the upstream arm of Malaysia's national oil and gas company Petroliam Nasional Berhad (PETRONAS).

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