KUALA LUMPUR (Nov 12): T7 Global Bhd (KL:T7GLOBAL) has secured a five-year contract from IPC Malaysia BV for the provision of pan-Malaysia maintenance, construction, modification (MCM) and hook-up commissioning (HUC) services.

The contract is for Package B3, and was secured via its wholly owned unit Tanjung Offshore Services Sdn Bhd, according to the oil and gas service provider’s filing on Tuesday.

The contract is effective from Oct 25, 2024 to Oct 24, 2029, with an optional extension of three years, followed by another two years.

While the group did not disclose the contract value, it envisages that the award will contribute positively to its earnings and net assets during the tenure of the contract.

T7 Global is an integrated solution provider serving across the energy value chain, in particular the upstream oil and gas business.

At the time of writing on Tuesday, T7 Global shares were up half a sen or 1% at 51.5 sen, with a market capitalisation of RM433 million.