NauticAWT, ENRA Sets Up JV to Tap Business Opportunities in Malaysia
NauticAWT Ltd., a Singapore-listed subsurface, subsea and surface facilities engineering services and offshore contracting solutions provider, disclosed Thursday that its unit AWT (Decommissioning) Sdn Bhd together with ENRA Oil & Gas Services Sdn Bhd (EOGS) had incorporated July 18 a subsidiary in Malaysia, ENRA NauticAWT Sdn Bhd, to tap business opportunities in the country.
EOGS and AWT will hold 51 percent and 49 percent equity interest in ENRA NauticAWT, respectively.
ENRA NauticAWT's primary focus will be to serve as the project management vehicle as well as to undertake the provision of related services, equipment and machineries in Malaysia.
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