Alam Maritim Resources Berhad (AMRB) announces that its wholly owned subsidiary, Alam Maritim (M) Sdn Bhd, has received a letter of award from an independent oil and gas exploration and production company for the Provision of Underwater Services comprising subsea inspection, maintenance and repair.
The Contract is for a primary period of three years with an extension option exercisable by the Client for another one year. The Contract value is approximately RM182 million (US$ 58.8 million).
The Contract is expected to positively contribute to the earnings and net assets of AMRB for the financial year ending 31 December 2013 up to 2017.
[mappress] Press Release, March 26, 2013