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T7 Global unit bags 5-year Repsol contract

13 Jan 2020 / 14:49 H.

PETALING JAYA: Tanjung Offshore Services Sdn Bhd, a wholly owned unit of T7 Global Bhd was awarded a five year contract by Repsol Oil & Gas Malaysia Limited on Dec 19, 2019 for the provision of maintenance, construction and modification services for Block PM3-CAA that straddles the Malaysia-Vietnam border and the PM-305 oil and gas field located offshore of Terengganu, Malaysia in the South China Sea.

In a Bursa filing, T7 said the contract value shall be as per work order request by Repsol.

“We are proud to have been awarded this contract by Repsol which demonstrates the strength of our expert capabilities in Malaysia. This contract represents a testament to the strong partnership we have with Repsol. With the continuous replenishment of our order book, we are confident of maintaining our growth momentum in the coming years,” said the group’s chairman Datuk Seri Nik Norzul Thani N. Hassan Thani.

As at the midday trading break, T7 Global was 2.3% higher at 44.5 sen with 572,000 shares done.

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