SapuraKencana's Shares Higher On PETRONAS Contract Win
25 Mar 2016

KUALA LUMPUR, March 25 (Bernama) -- SapuraKencana Petroleum Bhd's shares on Bursa Malaysia were slightly higher in the morning session today on news that its unit has secured a long-term service contract from PETRONAS.

As at 9.31 am, the heavyweight counter rose one sen to RM2.01 with 71,000 shares changing hands.

In a filing to Bursa Malaysia on Thursday, SapuraKencana said its unit SapuraKencana GE Oil & Gas Services Sdn Bhd (SKGE) has been awarded a service contract to provide maintenance services for PETRONAS' two forthcoming floating liquefied natural gas (LNG) vessels.

It said SKGE would provide PETRONAS with complete maintenance services for their fleet of 12 gas turbines and their fleet of GE compressors, generators and electric motors to be installed on their floating LNG vessels.

-- BERNAMA


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