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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