KUALA LUMPUR: Wah Seong Corporation Bhd’s group company Petro-Pipe (Sabah) Sdn Bhd has secured a RM390mil contract to supply pipes for the Sabah-Sarawak Gas Pipeline Project.
It announced to Bursa Malaysia on Thursday that the contract with Petronas Carigali Sdn Bhd involved the manufacturing, coating, delivery and storage of pipes.
The entire pipeline project to be undertaken by Petronas will involve laying an onshore natural gas pipeline from the proposed Sabah Oil and Gas Terminal in Kimanis, Sabah to the Petronas Liquefied Natural Gas complex in Bintulu, Sarawak, and the construction of associated facilities.
”The estimated value of the contract is RM390mil and the pipes are scheduled for delivery to Petronas over a one year period starting from September 2008,” it said.
Wah Seong said it expected the contract to contribute positively to the group’s earnings for the financial years ending Dec 31, 2008 and 2009.-www.staronline.com.my
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