KUALA LUMPUR: MUHIBBAH ENGINEERING (M) BHD [] has secured a shipbuilding contract from TANJUNG OFFSHORE BHD [] to build a platform supply vessel (PSV) for a total of RM100 million.
It said on Friday, Sept 30 that its wholly owned subsidiary Muhibbah Marine Engineering Sdn Bhd had been awarded the contract by Tanjung's unit Tanjung Kapal Services Sdn Bhd.
It said the PSV would be used to supply and support deepwater operations of oil majors in operational waters of South East Asia region on long term basis.
Muhibbah said the PSV would also be used for operations in unrestricted waters and was designed to perform transport drilling mud, cement, brine, base oil, diesel fuel and chemicals; transport of common and specialty tools; and fire fighting capabilities.
The company said the contract was expected to contribute positively to its earnings for the current and future financial years.
It said on Friday, Sept 30 that its wholly owned subsidiary Muhibbah Marine Engineering Sdn Bhd had been awarded the contract by Tanjung's unit Tanjung Kapal Services Sdn Bhd.
It said the PSV would be used to supply and support deepwater operations of oil majors in operational waters of South East Asia region on long term basis.
Muhibbah said the PSV would also be used for operations in unrestricted waters and was designed to perform transport drilling mud, cement, brine, base oil, diesel fuel and chemicals; transport of common and specialty tools; and fire fighting capabilities.
The company said the contract was expected to contribute positively to its earnings for the current and future financial years.
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