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Monday, January 7, 2013

Scomi Group's oilfield services order book hits over RM1.7b

Published: Monday January 7, 2013 MYT 3:33:00 PM
KUALA LUMPUR: Scomi Group Bhd's oilfield services business has increased to over RM1.7bil with the latest RM380mil contract to provide drilling fluids and services.

It said the project was the first cooperation between Scomi and Total E&P Indonesie (TEPI) for a three-year mega project starting in July 2013.

Its president of market units for Scomi Oilfields services division, Wan Ruzlan said: "This latest win is our single largest work in terms of contract value, in Indonesia to-date."

Recently, it secured a RM93.6mil contract in Myanmar and a RM130mil contract in Qatar.
In total, Scomi has secured RM603.6mil in drilling fluids and drilling waste management contracts from major clients for these recent wins.

"To-date, the oilfield services has a healthy order book of over RM1.7bil and participated in tenders in excess of RM3.0bil," he said.

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