Malaysian offshore service provider Tanjung Offshore, part of T7 Global, has received a $12.2 million contract from Petronas for the provision of plug and abandonment integrated services on the Pulai A field offshore Malaysia.
OE Staff Illustration only - wanfahmy/AdobeStock
Malaysian oil and gas industry services provider T7 Global has through its subsidiary, Tanjung Offshore received a work order award from Petronas Carigali for the provision of plug and abandonment integrated services for Pulai A field, offshore Malaysia.
The contract is valued at around RM50 million ($12,1 million) based on the agreed rates as stipulated in the work order. The award is effective from March 29, 2021, to December 28, 2021.
The work order is awarded to Tanjung Offshore under the Pan Malaysia Umbrella Contract for the provision of integrated well services for intervention, workover, and abandonment for Petroleum Arrangement Contractors (“PACs”) where Tanjung Offshore was appointed by Petronas Carigali as one of the panel contractors back on September 20, 2019.
has proposed to buy the remaining 49% stake it does not own in Fircroft Tanjung Sdn Bhd (FTSB), a company that is involved in the supply of manpower for the oil and gas (O&G) and petrochemicals industries, for a cash purchase consideration of 49% of FTSB’s net assets as at Jan 31,2021.
In a filing with Bursa Malaysia, T7 said its unit Tanjung Offshore Services Sdn Bhd had entered into a share sale agreement with Fircroft Engineering Services Ltd (FESL) for the acquisition of the stake.
FTSB is currently a 51%-owned subsidiary of Tanjung Offshore. Upon completion of the proposed acquisition, FTSB will become a wholly-owned subsidiary of Tanjung Offshore.