Icon Offshore secures work order award from Petronas Carigali

KUALA LUMPUR (May 8): Icon Offshore Bhd has secured a contract from Petronas Carigali Sdn Bhd (PCSB) for the provision of an anchor handling tug vessel with crew and equipment for 24-hour services.

The services will be utilised to support and maintain drilling rigs, offshore installations, derrick barges, towing and anchor jobs required by PCSB during their drilling and project activities, Icon said in a statement on Monday (May 8).

The contract was awarded to its wholly-owned unit Icon Offshore Group Sdn Bhd on Feb 27. The provision of services commenced on April 18 as per vessel on-hire certificate.

According to Icon, the contract value is based on the work order issued by PCSB throughout the contract period, which is up to 255 days.

“This contract is a testament to Icon’s proficiency, expertise, and capacity in fulfilling the needs and expectations of our clients with outstanding operational performance,” said group managing director Datuk Seri Hadian Hashim.

“With the recent contract awards secured and developments in the oil and gas sector, Icon’s prospects remain positive. These contracts will contribute to our earnings and add to our excellent track record in the offshore support vessel segment,” he added.

On Monday, Icon’s share price closed flat at 8.5 sen, with a market value of RM217.28 million.