T7 Global Bags Another Contract From Petronas

T7 Global Bhd’s wholly-owned subsidiary Tanjung Offshore Services Sdn Bhd has been appointed a panel contractor by Petroliam Nasional Bhd for the provision of engineering services, according to a Bursa filing by the company dated Dec 18.

The Petroleum Arrangement Contractor (PACS) job will be valid for for a period of five (5) years covering sub-packages B1, B3 and D1, commencing from 10 October 2024.

Sub-package B1 contains jobs related to Integrated Workover for Production Enhancement and Abandonment, sub-package B3 Integrated Workover for Production Enhancement and Abandonment & Project Management Team (PMT) Services, while sub-package D1 Hydraulic Workover Unit (HWU) and Services.

The company expects the contract to contribute positively to the earnings and net assets for the financial year ending 31 December 2024 and onwards until the expiry of the contract.

Within the month of December, T7 Global has been awarded at least four contracts including the latest from Petronas. The other three contracts are namely a C1 contract from Petronas Carigali, a B3 contract from Petrofac and an MCM & HUC contract package from Jadestone.

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