The job won by its Jasa Merin unit from Murphy Sarawak Oil is for the provision of two 60MT AHTS vesssels for Murphy’s Sarawak production operations.
The contracts, beginning in August are for a primary duration of three years with two options to extend for an additional one year each, M&G said in a stock market announcement.
The optional portion of the contract could net M&G an additional MYR30m if taken up.
Murphy Sarawak Oil hold majority interests in eight separate production sharing contracts (PSCs) offshore Sarawak and Sabah according to its website. Total proved reserves as at end-2017 were 52MMBO and 491BCF.
Read More: Barakah Offshore teaming up with Sarawak partners for oil and gas projects
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