Tuesday, September 6, 2011

Alam Maritim gets ExxonMobil contract worth up to RM220.83m

KUALA LUMPUR: ALAM MARITIM RESOURCES BHD [] has inked a charter party agreement with ExxonMobil Exploration and Production Malaysia Inc (EMEPMI) worth up to RM220.83 million.

It said on Tuesday, Sept 6 that its wholly owned unit Alam Maritim (M) Sdn Bhd had received the letter of award from EMEPMI to provide one unit accommodation vessel and of one unit anchor handling tug.

It said the contract was for a primary period of three years with an extension option exercisable by EMEPMI for another two years.

'The contract is for a value of up to RM220.83 million (if EMEPMI engages the vessel and tug for the full duration - inclusive of optional period),' it said.

Alam Maritim said the contract was expected to positively contribute to its earnings for the financial year ending Dec 31, 2011 and beyond.

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