Handal Resources' JV company bags RM360 million contract from Petronas Carigali
Last update: 25/06/2019
KUALA LUMPUR, June 25 (Bernama) -- An integrated offshore services provider, Handal Resources Bhd's joint venture company Borneo Seaoffshore-Handal JV has secured a RM360 million contract from Petronas Carigali Sdn Bhd.
In a statement today, the company said the contract value would increase if the three-year extension option was to be exercised.
The primary period of the contract begins in March 2020 and is expected to complete by June 2027.
The contract is under Package Four which involved the provision of water injection module supply on the mobile offshore unit for mobile water injection facilities – Package 4.
Handal Resources managing director Sunildeep Singh Dhaliwal said following the new contract, the company's order book would surge to over RM950 million.