News

Dayang's unit clinches four-year contract from Roc Oil Sarawak

KUALA LUMPUR, May 24 (Bernama) -- Dayang Enterprise Sdn Bhd (DESB), a wholly-owned unit of Dayang Enterprise Holdings Bhd (DEHB), has bagged a four-year contract from Roc Oil (Sarawak) Sdn Bhd (Roc Oil) for the provision of procurement, construction, installation, hook-up and commissioning services.

In a filing with Bursa Malaysia today, DEHB said the contract would be for Roc Oil Siprod/Infill Drilling Campaign (2019-2023).

The oil and gas support services company said the value of the contract was based on work orders issued by Roc Oil throughout the contract duration, from May 13, 2019 until July 16, 2023, with an option to extend for a period of one year. 

The contract will have no effect on the issued capital of the company, and is expected to contribute positively to the earnings of DEHB over the duration of the contract, it added.

-- BERNAMA

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