Petra Perdana to Provide AHTS Services to Petronas

Petra Perdana Berhad's subsidiary, Petra Resources Sdn Bhd, has been awarded two contracts from Petronas Carigali Sdn Bhd for the provision of two Anchor Handling Tug Supply Vessels for PCSB's 2007 Drilling Program.

Under the Contracts, PRSB will provide the MV IOS Victory and the MV IOS Champion for a primary duration of twelve months. The contract for the IOS Victory is expected to start on September 15, 2007 and the contract for the IOS Champion is expected to start October 1, 2007.

The contracts are valued at approximately RM36 million in total.