Destini Wins Pan Malaysia Tubular Handling Deal

Malaysian contractor Destini has secured a deal for the provision of tubular handling, conductor installation and slot recovery equipment and services for the Pan Malaysia Petroleum Arrangement Contractors (PAC) drilling program by Petronas.

The award which was received by Destini Oil Services (DOS), a wholly-owned subsidiary of Destini, will see DOS as the primary contractor for tubular handling, conductor installation and slot recovery for shallow water in East Malaysia and tubular handling for deep water.

In addition, DOS was appointed as secondary contractor for tubular handling, conductor installation and slot recovery for shallow water in West Malaysia.

The contract is for a tenure of three years and has an extension option of another two years.

The total value of the contract will depend on the work orders to be issued by Petronas throughout the duration of the contract.