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Tuesday, May 14, 2013

Scomi order book exceeds RM5b (BT)

Scomi Group Bhd's current order book has surpassed RM5 billion with the latest contract worth RM98.5 million in Turkmenistan.

Just two months ago, its member company Scomi KMC Sdn Bhd won a RM2.1 billion job from Petronas Carigali to supply drilling fluids, barite materials, equipment and services for five years.

Scomi Group - which recently underwent a restructuring that saw the disposal of its stakes in Scomi Oilfields Ltd, Scomi Sosma Sdn Bhd and Scomi KMC to its 65.65 per cent owned listed arm, Scomi Marine Bhd - has been actively bidding for new jobs worth over US$1 billion (RM3 billion) in Malaysia and internationally.

For the contract in Turkmenistan, Scomi Group's oilfield services business won a two-year contract from Dragon Oil (Turkmenistan) Ltd to provide drilling and completion fluids services.

The contract started from January this year, Scomi said in a statement yesterday.


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