The oil and gas services provider said in a stock market announcement that its 60%-owned unit Enra SPM had accepted a letter of award from Petronas subsidiary PC Myanmar (Hong Kong) Ltd (PCML) to provide ties for the Yetagun offshore gas field operated by PCML
The contract is for four years and the lease period is expected to start once the facilities have been commissioned and delivered to PCML.
“Enra is keen to build a track record in providing optimum cost-effective solutions to the oil and gas industry in the region and anticipates the project to contribute positively to the earnings of the company in the next financial year and onwards,” it said.
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