Malaysia's DNeX Oilfield Receives LOA from PETRONAS Carigali

Malaysia's Dagang Nexchange Berhad (DNeX) revealed Thursday that its 80 percent owned subsidiary, DNeX Oilfield Services Sdn Bhd (DNeX Oilfield) has received April 28 a Letter of Award from PETRONAS Carigali Sdn Bhd for an umbrella contract to provide oilfield services in the country, the firm said in a filing with local stock exchange Bursa Malaysia.

Under the contract, DNeX Oilfield will provide directional drilling/measurement while drilling/logging while drilling (DD/MWD/LWD) equipment and services for the Malaysian upstream oil and gas company.

The deal, covering 3 years, took effect April 28, 2016 and will expire April 27, 2019. PETRONAS Carigali, the upstream arm of Malaysia's national oil company Petroliam Nasional Berhad (PETRONAS), holds an extension option of 1 year.



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