Petra said in a stock market announcement that its Petra Resources unit had been awarded the umbrella contract by Petronas Carigali for spot charter marine vessel services from 2015 to 2017, with a one-year extension option on a non-exclusive basis.
Contract value is open-ended as the contract is on a call-out basis and rates based on spot market rates prevailing at the time but Petra added that the contract is expected to contribute to earnings.
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