T7 Global Secures Multiple Contracts Worth RM140 Mln

KUALA LUMPUR, May 19 (Bernama) -- T7 Global Bhd has secured multiple contracts worth RM140 million from Carigali Hess Operating Company Sdn Bhd and PTS Resources Sdn Bhd via its subsidiaries, Tanjung Offshore Services Sdn Bhd and T7 Wenmax Sdn Bhd. T7 Global’s wholly owned subsidiary, Tanjung Offshore Services has been awarded a contract from Carigali Hess for the provision of onshore fabrication, offshore hook-up and commissioning for Infill Flowlines. “The duration of the contract is for four years, commencing from June 2020. “The value of the contract shall be based on work order request from Carigali Hess,” T7 said in a filing with Bursa Malaysia Tuesday. Meanwhile, T7 Global’s indirect subsidiary, T7 Wenmax has secured a systems and equipment supply contract from PTS Resources for one year, beginning May 18, 2020. “The contracts are expected to contribute positively towards the earnings and net assets per share of the company for the financial year ending Dec 31, 2020,” said T7 Global. -- BERNAMA