CARLYSS (Louisiana): Global Industries, Ltd announced on Jan 26 that its majority Malaysian-owned affiliate, Global Offshore Malaysia Sdn Bhd has been awarded a contract for transportation and installation of offshore facilities for projects in Malaysia.
The contract, under which the actual scope of work will be defined annually, is initially estimated at around US$70 million (RM240.1 million) for the first year, and has options for two 1-year extensions upon the expiry of the contract.
John Clerico, Global's chairman and CEO, said: "This is the first contract we have been awarded in conjunction with our Malaysian partners, Kencana HL Sdn Bhd and we are very pleased that Petronas has shown such confidence in the Global-Kencana partnership's ability to carry out the significant scope of work involved with this project."
Global Industries, Ltd is a leading solutions provider of offshore CONSTRUCTION [], engineering, project management and support services including pipeline construction, platform installation and removal, deepwater/SURF installations, IRM, and diving to the oil and gas industry worldwide.