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Destini secures job from Petronas Carigali

Last update: 09/10/2019
For illustration purpose only.
KUALA LUMPUR, Oct 9 -- Integrated engineering solutions, Destini Bhd has secured a Pan Malaysia umbrella contract from Petronas Carigali Sdn Bhd to provide integrated well services for intervention, workover and abandonment for petroleum arrangement contractors

The contract was secured through its unit Destini Oil Services Sdn Bhd (DOS), it said in a filing with Bursa Malaysia, without stating the value of the job.

The contract does not constitute any commitment by Petronas Carigali to guarantee any minimum quantity of works to be performed by DOS.

“Any instruction for the works shall be made on a call-out basis through the issuance of work order by Petronas Carigali,” it said.

The contract is expected to have a positive contribution to the earning per share, net assets per share and gearing of Destini.


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