Friday, May 13, 2011

Kencana orderbook at RM2.44b, gets RM250m contract from Sarawak Shell

KUALA LUMPUR: KENCANA PETROLEUM BHD []'s total order book increased to RM2.44 billion after it was recently awarded a RM250 million contract from Sarawak Shell Bhd.

Bernama reported on Friday, May 13 the latest contract secured by its unit, Kencana HL Sdn Bhd, was to fabricate two gas compression modules for a platform in the West Natuna gas field.

The modules were for the E11P-B Platform, which is one of the platforms in the E11 Hub complex and were scheduled to be delivered and installed in the first quarter of 2012.

Bernama reported the company as saying the deal would increase its total outstanding order book to RM2.44 billion, with Kencana HL contributing RM1.441 billion.

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