Deleum bags Petronas Carigali services contract

PETALING JAYA: Deleum Bhd has been awarded a maintenance, construction and modification services contract by Petronas Carigali Sdn Bhd.

In a filing with Bursa Malaysia today, Deleum said its subsidiary Deleum Primera Sdn Bhd was awarded the contract on Sept 20, 2017.

The duration of the contract will be for a primary period of five years with one year extension option effective from Sept 20, 2017 till Sept 19, 2022, at an agreed fixed schedule of rates.

Deleum said the details of the scope of works in relation to the contract will be addressed in work orders to be issued by Petronas Carigali.

The scope of works include any or all other work and services which is generally related to topside structural maintenance, hook up and commissioning and facilities improvement programme.

The value of the contract depends on the agreed rates and the work orders issued by Petronas Carigali during the contract execution.

The contract is expected to contribute positively towards the earnings and net assets per share of Deleum for the financial years ending Dec 31, 2018 till 2022.

Deleum’s share price closed unchanged at 91.5 sen today with a total of 676,000 shares traded, giving it a market capitalisation of RM364.18 million.