Alam Maritim Resources Berhad reported Tuesday that its joint controlled entity Alam Swiber Offshore (M) Sdn Bhd (ASOSB) has recently signed a subsea pipeline installation contract with Chevron Malaysia Limited (Chevron), the company said in a filing with local stock exchange Bursa Malaysia.
Under the $5.9 million (MYR 22 million) contract, ASOSB will undertake installation works to replace a subsea pipeline at Chevron’s Prai Terminal, Pulau Pinang, Peninsular Malaysia.
Work on the contract is expected to commence in early June, with completion targeted for Dec. 31.
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