Friday, February 11, 2011

Dayang Enterprise secures RM802m maintenance contract from Petronas Carigali

KUALA LUMPUR: DAYANG ENTERPRISE HOLDINGS BHD [] has secured a contract valued at RM802 million from Petronas Carigali Sdn Bhd to provide topside structural maintenance services.

Dayang said on Thursday, Feb 10 it had received a letter of award to provide the services for Petronas Carigali's operations in the country.

'The contract shall be effective from Feb 2, 2011 until 1 February 2016,' it said, adding it estimated the total value of the contract to be about RM802 million over the duration.

'However, the contract is a 'call-up contract' made up of work orders, which will be awarded at the discretion of Petronas Carigali during the duration of the contract and the values of the work orders are based on the contract schedule of rates,' it said.

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