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Barakah bags Malaysia pig trap contract with Petronas

09th February 2015

Barakah Offshore Petroleum has announced that its wholly-owned subsidiary company, PBJV Group Sdn Bhd (PBJV), has received a letter of award from Petronas Carigali Sdn Bhd (PCSB) for the provision of engineering, procurement, fabrication, installation, commissioning and maintenance works of pig trap system

Barakah Offshore Petroleum has announced that its wholly-owned subsidiary company, PBJV Group Sdn Bhd (PBJV), has received a letter of award from Petronas Carigali Sdn Bhd (PCSB) for the provision of engineering, procurement, fabrication, installation, commissioning and maintenance works of pig trap system
The pig trap system is essentially a facility to launch and receive pipe inspection gauges, which are used to run through internal section of pipelines from one end to the other end for inspection and maintenance of pipelines

The contract comprises provision of engineering, procurement, fabrication, installation, commissioning and maintenance works of pig trap system in Peninsular Malaysia, Sabah and Sarawak.

The contract duration is from 23 January 2015 to 22 January 2018, with extension option of one year, from 23 January 2018 to 22 January 2019.

The pig trap system is essentially a facility to launch and receive pipe inspection gauges, which are used to run through internal section of pipelines from one end to the other end for inspection and maintenance of pipelines.

The total value of the contract will depend on the actual work orders to be issued by PCSB from time to time during the contract period. The contract is expected to contribute positively towards the earnings and net assets per share of Barakah Group for the duration of the contract.

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