Thursday, November 3, 2011

#Flash* MMHE secures RM1.4b ExxonMobil contract

KUALA LUMPUR (Nov 3): Malaysia Marine and Heavy Engineering Holdings Bhd has secured a RM1.4 billion contract to build an offshore platform deck and two inter-platform bridges.

MMHE said on Thursday its unit Malaysia Marine and Heavy Engineering Sdn Bhd had signed a contract with ExxonMobil Exploration and Production Malaysia Inc.

The contract was part of the Tapis enhanced oil recovery project with ExxonMobil and was expected to be completed by end-2013.

'The contract is expected to contribute positively towards the group's future earnings,' it said.

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