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Tuesday, February 5, 2008

M3nergy wins RM954mil job

PETALING JAYA: M3nergy Bhd was awarded on Jan 31 a RM954mil contract for the provision of leased floating storage and offloading facility (FSO) by Carigali-PTTEPI Operating Co Sdn Bhd (CPOC). M3nergy said in a statement yesterday the contract was for the joint development area block B-17 field project 260km off the east coast of Peninsular Malaysia in the Gulf of Thailand.
Petronas Carigali (JDA) Sdn Bhd and PTTEP International Ltd of Thailand each hold 50% interest in CPOC.
M3nergy said the contract period was for 16 years, with an option to extend up to 20 years and CPOC had the option to purchase the FSO within the first 10 years of the contract. -www.thestar.com.my
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