Petra’s maintenance contract with Petronas brought forward

Kuala Lumpur: Petronas has brought forward a topside maintenance services contract with Petra Energy by a couple of years. The Malaysian energy giant had signed a contract with Petra a year ago for maintenance for its offshore Sabah operations to start in 2016, this has now been brought forward to now and will run through to 20 May, 2018. 

There is no firm contract value for these services as the contract is on a call-out basis whereby work orders will be issued at the discretion of the client based on the schedule of rates as set forth in the contract, Petra said in a release to the local stock exchange.  [01/10/14]

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