Kencana Petroleum Bhd has secured a US$11.9 million (RM42 million) contract from US-based Global Offshore International to fabricate parts for the pipe-lay barge.
Kencana said on July 16 the contract comprises of fabrication of stinger systems and handling system for the pipe-lay barge.
"The contract is a one-off construction contract and is expected to be delivered in stages from end of 2009 to second quarter of 2011," it said.
Kencana said the contract was expected to contribute positively to the earnings of for the financial years ending July 31, 2010 and 2011
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