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Dayang picks up $6m Petronas maintenance job

Dayang picks up $6m Petronas maintenance job
Malaysian oil and gas services company Dayang Enterprise Holdings has been awarded a contract by Kebabangan Petroleum Operating Company for the provision of topside maintenance services, it said in a stock market release.

The contract from the Petronas unit that operates the Kebabangan field offshore Sabah, was valued was between MYR25m ($6.3m) and MYR42m, depending on whether extension options are exercised and their duration.

Dayang said the contract would be for two years from 16 March, with an option to extend for another year. The contract is expected to contribute positively to the earnings and net assets per share of the company.