OTHERS HANDAL RESOURCES BERHAD ("HRB" or "the Company") Letter of Award to Handal Offshore Services Sdn. Bhd. to Supply Pedestal Crane API-2C for EPCIC of Remote WHPS for Full Development North Malay Basin Project by SapuraKencana Petroleum Berhad.

HANDAL RESOURCES BERHAD

Type Announcement
Subject OTHERS
Description
HANDAL RESOURCES BERHAD ("HRB" or "the Company")
Letter of Award to Handal Offshore Services Sdn. Bhd. to Supply Pedestal Crane API-2C for EPCIC of Remote WHPS for Full Development North Malay Basin Project by SapuraKencana Petroleum Berhad.

The Company is pleased to announce that Handal Offshore Services Sdn. Bhd., a wholly-owned subsidiary of the Company, has on 5th May 2015 accepted the Letter of Award dated 18th February 2015 from SapuraKencana Petroleum Berhad to supply pedestal crane API-2C for EPCIC of Remote WHPS for Full Development North Malay Basin Project ("the Contract"). The Contract's effective date is on 18th February 2015 for a duration of 44 weeks at a contract price of RM14,570,000.00 (Ringgit Malaysia: Fourteen Million Five Hundred and Seventy Thousand) only.

The Contract is expected to contribute positively to revenue and earnings and net assets per share of the HRB Group for the financial year ending 2015. 

The risks associated with the Contract are normal operational risks which can be mitigated through HRB system of project management and internal business controls. 

None of the Directors or major shareholders of HRB or persons connected to them have any interest, direct or indirect, in the Contract. 

This announcement is dated 5th May 2015.

 






Announcement Info

Company Name HANDAL RESOURCES BERHAD
Stock Name HANDAL
Date Announced 05 May 2015
Category General Announcement for PLC
Reference Number GA1-05052015-00092