Barakah Offshore secures offshore contract from Petrofac

Malaysian offshore service provider Barakah Offshore Petroleum has won a five-year contract from Petrofac for work offshore Malaysia.

The five-year contract includes maintenance, construction and modification works for structures and facilities of Petrofac’s oil and gas fields in Malaysia. The value of the contract will depend on the actual work orders.

The company expects the contract to contribute positively to its earnings during the period.

Seperately, Barakah Offshore said it was still negotiating an amicable debt settlement proposal with its lenders and creditors, following the expiry of Kuala Lumpur High Court’s protection against any proceedings and actions by the lenders against Barakah and its subsidiaries.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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