KUALA LUMPUR (Dec 2): Perisai Petroleum Teknologi Bhd has bagged a contract extension worth US$7.6 million (RM31.77 million) from Petronas Carigali Sdn Bhd for the provision of a jack up drilling rig for the latter’s Samarang drilling campaign.

The contract was awarded to the group’s unit Perisai Offshore Sdn Bhd, Perisai Petroleum said in a filing today, adding it is expected to last for two wells.

“The contract will have no effect on the issued and paid-up capital of the company and is expected to contribute positively towards the earnings and net assets of the company for the duration of the contract,” it said.

Perisai Petroleum’s shares have been suspended since Jan 22, after Bursa Malaysia rejected the PN17-listed group’s proposed regularisation plan.

Bursa has given the company until Dec 31 to submit a new regularisation plan to the relevant authorities for approval, failure of which could lead to the removal of the security from the stock exchange.