Alam Maritim Resources Berhad's wholly-owned unit Alam Maritim (M) Sdn Bhd, clinched a Letter of Award from PETRONAS Carigali Sdn Bhd, the upstream arm of Malaysia's national oil company Petroliam Nasional Berhad (PETRONAS), to provide repair and maintenance services, the company said Tuesday in an announcement on local stock exchange Bursa Malaysia.
Under the contract, worth $1.6 million (MYR 6 million), Alam Maritim will provide splash zone structural repair and maintenance services to PETRONAS Carigali for two years, commencing June 8 through to June 7, 2017.
The firm added that PETRONAS Carigali holds an option to extend the contract for an additional year from June 8, 2017 to June 7, 2018.
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