OTHERS SAPURAKENCANA PETROLEUM BERHAD AWARD OF CONTRACT BY TDI-BROOKS INTERNATIONAL INC. FOR THE CHARTER OF TEKNIK PERDANA AND PROVISION OF MULTIBEAM ECHOSOUNDERS (“MBES”) SURVEY SERVICES
SAPURAKENCANA PETROLEUM BERHAD |
Type | Announcement |
Subject | OTHERS |
Description | SAPURAKENCANA PETROLEUM BERHAD AWARD OF CONTRACT BY TDI-BROOKS INTERNATIONAL INC. FOR THE CHARTER OF TEKNIK PERDANA AND PROVISION OF MULTIBEAM ECHOSOUNDERS (“MBES”) SURVEY SERVICES |
INTRODUCTION The Board of Directors of SapuraKencana Petroleum Berhad ("SKPB” or "Company") (“Board”) is pleased to announce that TL Geohydrographics Pte Ltd, a wholly-owned subsidiary of SKPB, has been awarded a contract for the charter of Teknik Perdana, a survey vessel and the provision of MBES survey work in the Republic of Colombia for the Anadarko Colombia Company project (the “Contract”).
The Contract is for a period of approximately 50 days and the works are expected to be completed on or about early August, 2014. The Contract value is approximately USD1.7m.
The Contract will have no effect on the issued and paid-up capital of the Company and is expected to contribute positively toward the earnings and net assets per share of SKPB Group during the Contract period.
Risk factors affecting the Contract are mainly operational in nature and include execution risks such as availability of skilled manpower and materials, weather conditions and political, economic and regulatory conditions. Notwithstanding, SKPB Group has established a successful track record in undertaking similar projects.
None of the Directors and/or major shareholders of the Company and/or persons connected with them has any direct or indirect interest in the Contract.
The Board of the Company is of the opinion that the acceptance of the Contract is in the best interest of the Company.
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Announcement Info
Company Name | SAPURAKENCANA PETROLEUM BERHAD |
Stock Name | SKPETRO |
Date Announced | 2 Jul 2014 |
Category | General Announcement |
Reference No | SP-140701-48305 |