Wednesday, October 27, 2010

Tanjung Offshore gets RM22m vessel contract

KUALA LUMPUR: TANJUNG OFFSHORE BHD [] has received a RM22 million contract from Carigali-PTTEPI Operating Company Sdn Bhd (CPOC) to supply a tug and utility vessel.

It said on Wednesday, Oct 27 the contract was for a primary duration of three years. The vessel would be used to support the offshore operations of CPOC in block B-17 in the Malaysia-Thailand Joint Authority development area.

Tanjung Offshore said the contract was expected to contribute positively to the earnings and net assets of Tanjung Offshore for the financial year ending Dec 31, 2010 and beyond.

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