Thursday, July 8, 2010

Kencana up on RM201.1m contract

KUALA LUMPUR: KENCANA PETROLEUM BHD []'s share price advanced on Thursday, July 8 after its unit secured a RM201.1 million contract from Houston-based Newfield Peninsula Malaysia Inc to provide procurement and CONSTRUCTION [] services for topsides.

At 9.25am, Kencana was up two sen to RM1.48 with 391,200 shares done.

Kencana said on Wednesday, July 7 the contract comprises of the procurement and construction wellhead platform topside, central processing platform topside, living quarters and bridge for PM329 East Piatu development project, located off Peninsular Malaysia.


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