KUALA LUMPUR: KKB Engineering Bhd's subsidiary, OceanMight Sdn Bhd (OMSB), has secured a combined contract of RM23.7 million from Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE) and Kuching Water Board (KWB).

In its filing with Bursa Malaysia today, the contract from MMHE is to provide equipment and services for the SK408W block in the Jerun oilfield located offshore Sarawak.

The contract involves fabrication engineering, supervision, manpower, necessary equipment/tools and consumables to carry out piles fabrication, load-out and sail-away for the SK408W block in the Jerun oilfield located offshore Sarawak.

KKB Engineering also received a letter of award from KWB for diversion works of the existing pumping mains at Sg Maong Paroh, Kuching, Sarawak.

According to KKB Engineering, the contract with MMHE commenced in February 2022 and will end by February 2023, while the KWB contract execution period is 12 months.

"Both contracts will have no effect on KKB Engineering's share capital and are expected to contribute positively towards earnings and net assets of the company and group for their respective durations," it said.

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