Icon Offshore unit bags RM25.6m contract from Petronas Carigali

This article first appeared in The Edge Financial Daily, on September 12, 2019.
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KUALA LUMPUR: Icon Offshore Bhd’s subsidiary has bagged a RM25.6 million contract from Petronas Carigali Sdn Bhd to supply one anchor handling tug and supply vessel for the petroleum arrangement contractor’s production operations.

In a filing with Bursa Malaysia yesterday, the group said its unit, Icon Offshore Sdn Bhd, was awarded the contract following an amendment to the letter of contract on Aug 16, and only received approval from Petronas Carigali to release the news on Tuesday.

The contract commenced on Aug 17 and will continue for 730 days from that date, said Icon Offshore.

The group noted that the contract is expected to positively contribute to its earnings and net assets for the financial year ending Dec 31, 2019 and beyond.