T7 Global Bhd, through its wholly-owned subsidiary Tanjung Offshore Services Sdn Bhd, has been awarded a B3 package contract by Jadestone Energy (Malaysia) Sdn Bhd for Pan-Malaysia maintenance, construction and modification (MCM) and Hook-Up & Commissioning (HUC) services, according to a press statement released by T7 Global on Dec 2.

Tanjung Offshore has received the letter of award for the contract dated Oct 17, 2024 for works to commence on the contract date until Oct 16, 2029, spanning a period of 60 months, with extension oarrangement of three years for the 1st extension and two years for the 2nd extension.

Jadestone Energy (Malaysia) is the operator under the PM323 and PM329 Production Sharing Contracts, offshore Peninsular Malaysia, and is part of the Jadestone Energy Group of Companies, headquartered in Singapore. It has its principal technical team in Kuala Lumpur and additional country operational offices in Perth, Jakarta, and Ho Chi Minh City. Jadestone Energy is listed on the AIM market of the London Stock Exchange.

The board of T7 Global envisages that the contract will contribute positively to the earnings and net assets of the company for the financial year ending 31 December 2024 and onwards until the expiry of the contract. As of Dec 2, there was no disclosed amount for the contract value.