Icon Offshore unit bags RM8m contract from Petronas Carigali

KUALA LUMPUR: Icon Offshore Bhd’s wholly-owned subsidiary, Icon Offshore Group Sdn Bhd (IOGSB), has secured an RM8 million contract from Petronas Carigali Sdn Bhd for the provision of a straight supply vessel.

The work order of the Tanjung Pinang 2 vessel, which started on March 7, would be for 180 days with an extension option for another 180 days, it said in a filing with Bursa Malaysia.

In a separate filing, the company also said three Petroleum Arrangement Contractors had collectively awarded the group five contracts for the provision of offshore support vessels for their production operations via five letters of award, all dated early September last year.

The award would be on a callout basis valid for three years with an extension option of one year plus one year, it said.

Icon Offshore said the contracts were expected to contribute positively to its earnings, order book and net assets for the financial year ending December 31 and beyond.

In June last year, Icon Offshore announced that IOGSB had secured oil and gas (O&G)-related contracts worth RM275 million in cumulative value.

One of the contracts is to provide offshore support vessels to O&G companies. The contract, valued at RM169 million, is for a primary period of three years.

The other job worth RM106 million is to provide two platform supply vessels to ExxonMobil Exploration and Production Malaysia Inc for its production operations, the company said.