KUALA LUMPUR (Jan 4): Dayang Enterprise Holdings Bhd has secured a contract from Petronas Carigali Sdn Bhd for the provision of rectification works for asset integrity findings in relation to a package involving Sarawak Oil Asset.

In a bourse filing on Thursday, Dayang said the value of the contract will be based on work orders to be issued by Petronas Carigali throughout the contract duration

The contract is valid for three years starting from Dec 15, 2023.

Dayang said the contract is expected to contribute to the group's earnings throughout the three years.

Dayang’s share price closed up four sen or 2.44% at RM1.68, bringing the group a market capitalisation of RM1.95 billion.