KUALA LUMPUR (Feb 4): Dayang Enterprise Holdings Bhd has bagged a contract from Carigali-PTTEPI Operating Co Sdn Bhd (CPOC) to undertake modification works (umbrella contract) for the Block B-17 & C-19 and B-17-01 integrated gas fields development. Dayang said the value of the contract is based on work orders issued by CPOC throughout the contract duration. In a bourse filing today, Dayang said its wholly-owned subsidiary Dayang Enterprise Sdn Bhd (DESB) has been awarded the contract by CPOC. The duration of the contract is for three years from Jan 30, with a two-year extension option. "The contract is expected to contribute positively to the earnings of DEHB over the duration of the contract," said Dayang.

Source: The Edge Markets February 04, 2020 10:18 UTC