Dayang Enterprise bags maintenance contract from Petronas Carigali

PETALING JAYA: Dayang Enterprise Holdings Bhd's unit Dayang Enterprise Sdn Bhd (DESB) was awarded a contract from Petronas Carigali Sdn Bhd for the provision of maintenance, construction and modification (MCM) services for package A (Offshore) - Sarawak Oil.

The group told the stock exchange that the contract duration will be for a period of five years with one year extension option effective Sept 20, and will expire on Sept 19, 2022 at an agreed fixed schedule of rates.

It said the details of the scope of work will be addressed in a work order which will be issued by Petronas Carigali and will include any or all other work or services related to topside structural maintenance, workover preparation and facilities improvement project.

Dayang shares closed 0.5% lower at 99 sen on Friday with a total of 545,400 shares traded.