KUALA LUMPUR (March 28): Two offshore support vessel (OSV) operators, Icon Offshore Bhd and Perdana Petroleum Bhd, as well as Carimin Petroleum Bhd separately said on Tuesday (March 28) that they have bagged contracts for the provision of OSVs.
Icon Offshore, which is in the midst of undertaking a share capital reduction exercise, said it has secured two OSV service contracts from Hibiscus Oil & Gas Malaysia Ltd.
The contracts involve the provision of platform supply vessels with crew and equipment for 24-hour support services for offshore construction and integrated well services, Icon said.
Both contracts commenced on March 1, and will utilise 422 combined vessel days in total, it added.
“We look forward to executing this contract and all the other contracts in our order book that currently stands at well above RM600 million,” said Icon Offshore managing director Datuk Seri Hadian Hashim.
Meanwhile, Perdana Petroleum Bhd accepted a work order award for the provision of accommodation work barges for Petronas Carigali Sdn Bhd (PCSB).
It shall provide one unit of accommodation work barge vessel with crews and equipment to perform a continuous service to assist PCSB’s project activities, said Perdana Petroleum.
The contract, which began on March 20, has a duration of up to 229 days from the commencement date.
Perdana Petroleum, which turned the corner in the second half (2H) of last year, has secured seven contracts since January, namely for the provision of accommodation work barges and one unit of anchor handling tug and supply vessel.
It secured five letters of award from its major shareholder Dayang Enterprise Holdings Bhd on Jan 5, Jan 9 and Jan 16, and one work order awards from Petronas Carigali on Jan 27.
Meanwhile Carimin Petroleum also secured a work order to provide an anchor-handling tugboat for Petronas Carigali for a period of about six months, with a one-month extension option.
Icon Offshore shares traded unchanged at nine sen on Tuesday, giving it a market capitalisation of RM231.41 million. The counter was down 5.26% since the start of the year.
Shares of Perdana Petroleum rose 2.94% or half a sen to settle at 17.5 sen, valuing the group at RM388.18 million. Year-to-date, the counter has risen by 40%.
Carimin shares ended 1.5 sen or 2.38% higher at 64.5 sen, giving it a market capitalisation of RM149.69 million. The counter was up 4.03% this year.
Source: TheEdge - 29 Mar 2023
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