T7 Global strikes oil in Australia
Published on: Tuesday, September 19, 2017
Kuala Lumpur: T7 Global Bhd's investment, Triangle Energy (Global) Ltd, has strike oil in the coastal Xanadu-1 well in the Perth Basin.In a filing to Bursa Malaysia, the company, formerly known as Tanjung Offshore Bhd, also said, it has secured two contracts, via its units from Petroliam Nasional Bhd (Petronas) and MMC Gamuda KVMRT (UGW) Joint Venture worth RM7.2 million."Tanjung Offshore Services (TOS), a unit of T7 Global, has received an award from PRPC Utilities and Facilities Sdn Bhd, a subsidiary of Petronas for the provision of manpower injection.ADVERTISEMENT "TOS will be responsible for providing the local manpower that will be required to be deployed for Utilities, Interconnecting, Offsite (UIO) Facilities Package 14 at Pengerang, Johor site," it said, adding that the duration of the contract was from August 2017 to December 2018, with the option to extend for an additional one year.Meanwhile, the group said, the contract secured from UGW Joint Venture was for the Mass Rapid Transit (MRT) Line 2.Stay up-to-date by following Daily Express’s Telegram channel.
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"The contract is for the execution of refurbishment to reuse the existing steel storage tanks and the supply, fabrication, installation of new steel storage tanks and its associated works at the Chan Sow Lin and Bandar Malaysia North MRT launching site."It is expected to complete by end-November, and to contribute positively towards the earnings and net asset per share of the group for the financial year ending Dec 31, 2017, it said. – Bernama