Perdana Nautika gets two work orders from Petronas Carigali

KUCHING: Perdana Petroleum Bhd’s (Perdana) wholly-owned unit Perdana Nautika Sdn Bhd (PNSB) has received two work orders from Petronas Carigali Sdn Bhd for the supply of two units of anchor handling tug & supply (AHTS) vessel. 

The contract is expected to commence in second quarter-2019 for a duration of six months, with extension option of six months.

“PNSB shall provide the AHTS vessels with crew and equipment to perform a continuous 24-hour service for assisting and/or servicing drilling rigs, offshore installation, towing and anchor jobs,” Perdana said in a filing with Bursa Malaysia. 

Perdana said the contract is expected to contribute positively to the group’s earnings and net assets for financial year ending Dec 31, 2019.

However, the contract will not have any effect on the company’s share capital and shareholding structure.

In another filing, Perdana said PNSB had received another work order from Petronas Carigali for the supply of one AHTS, with the contract having commenced on March 23, 2019 for a period of 184 days, with extension option of 182 days.

“The contract shall enable PNSB to provide the vessel, crew and associated equipment for continuous 24-hour operation,” it added.

On April 15, another Perdana’s subsidiary Intra Oil Services Bhd accepted a letter of award to charter one unit of workboat to DESB Marine Services Sdn Bhd. DESB Marine is 100 percent-owned by Dayang Enterprise Holdings Bhd (Dayang), which is a major shareholder of Perdana.

The workboat is chartered for 180 days, with an option period of 150 days.

Meanwhile, UK-based MAN Group PLC has further reduced its shareholdings in Dayang with the disposal of 4,119,100 shares through the registered holders on May 15, bringing its stake in Dayang to 5.22 percent (50,558,300 shares).

On May 14, Man Group sold another 4,151,600 Dayang shares.  

Dayang, one of the top performers on Bursa this year, saw its shares rallying to RM1.75 from low of 50 sen last year. The stock is currently trading above RM1.10.

Meanwhile, Sarawak Consolidated Industries Bhd (SCIB) chief executive officer (CEO) Ariff Abdul Rashid, 56, has resigned from the company .

SCIB has redesignated its director Rewi Hamid Bugo as the company’s executive director. Rewi is the son of SCIB chairman and major shareholder Tan Sri Hamid Bugo.