Petra Energy's unit hold RM36 million contract

KUALA LUMPUR, Sept 12 (Bernama) -- Petra Energy Bhd's wholly-owned subsidiary, Petra Resources Sdn Bhd, has won a RM36 million contract from Petronas Carigali Sdn Bhd for the provision of two anchor handling tug supply vessels for its drilling programme.In a statement here Wednesday, Petra Energy said the subsidiary would provide the vessels, both of which were owned by Petra Offshore Ltd and operated by Intra Oil Services Bhd, for a primary duration of twelve months.Petra Offshore and Intra Oil are wholly-owned subsidiaries of Petra Energy."The contracts are not expected to have any material effect on the net assets and earnings of Petra Energy Group for the financial year ending Dec 31, 2007, but is anticipated to contribute positively to its future earnings," it said.