Kencana Awarded Contract for Fabrication of Offshore Facilities

Kencana Petroleum reports that its wholly owned subsidiary, Kencana HL was awarded a contract for the fabrication of offshore substructures from Murphy Sarawak Oil.

Fabrication of substructures and related services for Phase 1 of SK309/SK311 gas field development is located offshore Bintulu, Sarawak. The contract should be finalized by early 2008.

The estimated value is at approximately RM57 million and is expected to contribute positively to the earnings of Kencana Petroleum Group for the financial year ending July 31, 2008.

The Board of Directors of Kencana Petroleum is of the opinion that the acceptance of the Contract is in the best interest of the Company.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
HR Advisor
Expertise: Cementing|HR - General
Location: Mt Braddock, PA
HR Advisor
Expertise: HR - General|Well Control
Location: Punxsutawney, PA
United States Elmendorf: Entry Level Operator Assistant I - Frac/Acid
Expertise: Field Service Tech
Location: Elmendorf, TX
search for more jobs

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours