MALAYSIA-PRESS-MHB bags contract worth up to $658.41 mln-The Edge

Reuters

Malaysia Marine Heavy Engineering Bhd and itstechnical partner, Technip, have secured a substantialcontract from Petronas Carigali Bhd for an engineering,procurement, construction, installation and commissioning(EPCIC) job.

While the actual value of the contract was not disclosed,Technip described it as anything between euro250 mln (1.07 blnrgt) and euro500 mln (2.1 bln rgt) as substantial.

MHB said its subsidiary, Malaysia Marine and HeavyEngineering Sdn Bhd (MMHE), along with Technip, had received thecontract for the development of two gas fileds in Block SK316.

The fields are located approcimately 180km north of Bintulu,Sarawak, at a water depth of 104m.- The Edge.

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NOTE: Reuters has not verified this story and does not vouchfor its accuracy.

($1 = 3.1895 Malaysian ringgits) (Reuters)

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