Oilcorp Awarded Engineering Contract from PTTEP

Oilcorp Berhad's subsidiary, Oilfab Sdn Bhd has been awarded contract an engineering contract and construction contract by Carigali-PTTEPI Operating Company Sdn Bhd.

The contract calls for engineering, procurement, construction and commissioning of four wellhead platforms for JDA Block B-17 development, which is located in the Malaysia-Thailand Joint Development Area approximately 268 kilometers east of Songkhla, Thailand or 171 kilometers northeast of Kota Baru, Kelantan.

The total contract sum is approximately RM 290 million. The work is expected to start in May 2008 and be completed by September