Posted on 12 March 2015 – 05:38am
PETALING JAYA: Petra Energy Bhd’s wholly-owned subsidiary Petra Resources Sdn Bhd has been awarded a contract by Sabah Shell Petroleum Co Ltd to provide contract management, site execution and offshore maintenance services for the Gumusut-Kakap floating production system.
In a filing with Bursa Malaysia yesterday, Petra Energy said there is no firm value stated in the letter of award dated Nov 18, 2014, as the contract is on a “call-out” basis whereby work orders will be issued at the discretion of Sabah Shell at rates based on a standard schedule.
The contract runs for 14 months from April 1, 2015 and will expire on May 31, 2016.
Petra Energy said the contract is an addition to the offshore services contract awarded in 2012 by Shell for Gumusut-Kakap, which was the first deepwater project for Petra Energy.