Alam Mar­itim gets Rep­sol job

The Star Malaysia - StarBiz - - News -

PETALING JAYA: Alam Mar­itim Re­sources Bhd has se­cured a five-year con­tract from Rep­sol Oil & Gas Malaysia Ltd to pro­vide sub­sea in­spec­tion, main­te­nance and re­pair ser­vices for Block PM3 in a com­mer­cial ar­range­ment area lo­cated be­tween Malaysia and Viet­nam.

The off­shore sup­port ves­sel ser­vice provider said the con­tract started ef­fec­tively on June 30, 2020.

“The first ves­sel mo­bil­i­sa­tion will be in mid-au­gust,” the com­pany said in a fil­ing with Bursa Malaysia yes­ter­day.

On the con­tract’s value, Alam Mar­itim said it would be as per work or­der re­quest by Rep­sol. It said the con­tract is ex­pected to con­trib­ute pos­i­tively to its earn­ings for the fi­nan­cial year end­ing Dec 31, 2020 and there­after.

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