T7 Global secures job from Repsol

TheStar Tue, Jan 14, 2020 09:20am - 4 years View Original


PETALING JAYA: T7 GLOBAL BHD has secured a contract from Repsol Oil & Gas Malaysia Ltd for the provision of maintenance, construction and modification services for PM3-commerical arrangement area between the Malaysia-Vietnam border, plus the PM-305 oil and gas field located offshore of Terengganu.

In a filing with Bursa Malaysia, the oil and gas service provider said its wholly-owned subsidiary Tanjung Offshore Services Sdn Bhd has received a letter of award from Repsol for the job.

The contract will be for a period of five years from Dec 10,2019.

“The details of the scope of work in relations to the contract will be addressed in work order which will be issued by Repsol from time to time throughout the duration of the work. T7 Global expects the contract to contribute positively to its earnings and net assets per share, ” it said.

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