T7 Global Bhd's wholly-owned subsidiary, Tanjung Offshore Services Sdn Bhd, announced that the company has received a letter of award (LOA) for a Package C1 contract from Petronas Carigali Sdn Bhd to provide Pan-Malaysia Offshore Maintenance, Construction, Modification (MCM) and Hook-Up & Commissioning (HUC) Services for Peninsular Malaysia Asset (PMA), according to a Bursa Filing by T7 Global dated Dec 13.
Commencing from 27 September 2024 for a period of five (5) years, with an option for a 3-year extension following the first term and a further 2-year extension thereafter.
T7 Global envisioned that the contract will contribute positively to the earnings and net assets of the group for the financial year ending 31 December 2024 and onwards until the expiry of the contract potentially extended to 2034.
In earlier Bursa filings, T7 Global announced that the group has won two B3 package contracts, one from Petrofac (Malaysia-PM304) Ltd and the other from Jadestone Energy (Malaysia) Sdn Bhd.
