Petra Energy Wins Shell Work Offshore Malaysia

Petra Energy Berhad's subsidiary, Petra Resources Sdn Bhd, has been awarded a contract by Sarawak Shell Berhad and Sabah Shell Petroleum Company Limited ("Shell") to provide support for operations in Sarawak and Sabah waters.

Under the Contract, Petra will provide engine maintenance supervision, services and facilities to Shell's onshore plants and offshore topside facilities on its production platforms.

The contract is valued at RM50 million for a primary term of five years commencing October 9, 2007.