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Enra seals $48m offshore Myanmar job from Petronas

Enra seals $48m offshore Myanmar job from Petronas

Enra Group has sealed a $48m contract to provide a mooring system and storage tanker services to Petronas in the Andaman Sea, off the coast of Myanmar.

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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