KUALA LUMPUR: Icon Offshore Bhd has secured a contract price US$9.6mil from ConocoPhillips Sarawak Limited and Conocophillips Sarawak Oil Limited (collectively Conocophillips Sarawak) for the availability of a jack-up rig.
In a submitting with Bursa Malaysia, Icon Offshore mentioned ConocoPhillips Sarawak had on Dec 23, 2021 issued a letter of award to I Oilfield Services Sdn Bhd (IOSSB) for the availability of a jack-up rig to drill three wells plus one effectively which is predicted to start within the 2nd quarter of 2022.
“The contract has an estimated value of US$9.6mil.
“The contract award is expected to contribute positively to the earnings, order book, and net assets of Icon for the financial year ending Dec 31, 2022,” Icon mentioned.