Kencana Petroleum's Subsidiary Wins MYR50.5 Million Worth Contract From Afcons-Gunanusa

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Kencana Petroleum's Subsidiary Wins MYR50.5 Million Worth Contract From Afcons-Gunanusa

Published: 19-Aug-2009

By: Staff Writer Staff Writer Staff Writer

Kencana Petroleum Berhad, through its wholly owned subsidiary, Kencana HL Sdn Bhd has secured a contract from Afcons-Gunanusa Joint Venture, for the construction of jackets for offshore process platform. The contract value is estimated at around MYR50.5 million.

The contract comprises the scope of fabrication, load out, sea-fastening and transportation of the ICP-R main jacket and ICP-F3 flare jacket to offshore India. The project owner is Oil and Natural Gas Corporation Limited (ONGC). The contract is a one-off construction contract and is expected to be delivered within the third quarter of 2010.

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