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Article: Malaysia: Petronas may award up to 50 vessel contracts.

Article from:
TendersInfo
Article date:
August 21, 2009
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Byline: manish03

PETRONAS and its PSC (production sharing contract) contractors are expected to start opening new contracts for bidding, possibly totalling about 50 vessels, to support the local oil and gas (O&G) industry.

One of the main beneficiaries would be Alam Maritim Resources Bhd given its fleet of young and Malaysian-flagged vessels, said OSK Research in its investment research report today.

Yesterday, Alam Maritim reported a RM67.376 million pre-tax profit for the six months ended June 30, 2009 compared with RM40.572 million in the previous corresponding period.

Its turnover increased to RM152.011 million from RM126.717 ...

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