Oil and gas services provider Kerjuruteraan Samudra Timur Berhad (KSTB) reported Monday that Samudra Timur Sdn. Bhd. (STSB), a wholly-owned subsidiary of KSTB has secured a contract from Lundin Malaysia B.V. to provide oil country tubular goods (OCTG) inspection services in the country, the firm said in a filing on local stock exchange Bursa Malaysia.
The contract, effective for two years with an extension option of one year, commences Sept. 15, 2015.
KSTB indicated that the value of such services depends on the demand and activity levels of Lundin as well as the scope of services rendered by STSB during the duration of the contract.
"The price and rates for each type of inspection services are stipulated in a schedule accompanying the Contract," the company said.
Have a news tip? Share it with Rigzone!
WHAT DO YOU THINK?
Click on the button below to add 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.
More from this Author
Most Popular Articles
From the Career Center
Jobs that may interest you