T7 Global secures contracts valued at about RM300mil

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KUALA LUMPUR: T7 Global Bhd has secured three contracts with a mixed worth of about RM300mil beneath its power division for operations and upkeep, and specialist merchandise segments.

In a press release, T7 Global mentioned the contracts have been awarded by Petroliam Nasional Bhd (Petronas) and Carigali Hess Operating Company Sdn Bhd (CHOC) to T7 Global’s subsidiary Tanjung Offshore Services Sdn Bhd.

A sub-subsidiary of the group, T7 Wenmax Sdn Bhd additionally acquired a letter of award from Repsol Oil & Gas Malaysia Limited for the specialist merchandise phase.

For the Petronas contract, Tanjung offshore with know-how accomplice Siemens AG will present distributed management programs options for Package A: Downstream and Package B: Upstream and Petroleum Arrangement Companies.

The protection is for all the Petronas Group of Companies and PACs’ onshore and offshore places all through Malaysia.

“This is a large win for us as we proceed to develop {our capability} in specialist merchandise to supply progressive options to respected shoppers resembling Petronas and the opposite PACs,” mentioned T7 Global Chairman Datuk Seri Nik Norzrul Thani N Hassan Thani.

Tanjung Offshore’s second award from CHOC was for the availability of topside development and upkeep companies for fuel services situated in Block A-18 of the joint growth space administered by the Malaysian-Thailand Joint Authority (MTJA).

This CHOC award is the second contract by CHOC, following the primary one dated March 31, 2020, for the availability of onshore fabrication, offshore hook-up and commissioning for infill flowlines.

Lastly, T7 Wenmax acquired the contract from Repsol for the availability of gross sales fuel metering improve for Bunga Raya A, which is said to the upgrading of instrumentation and gear to make sure uninterrupted performance of the prevailing system.

“With these contracts, our order e book has swelled to RM2.3bil and our Energy Division will likely be increasing over the following couple of years executing these tasks,” mentioned Nik Norzrul.

The awards are anticipated to contribute positively in the direction of T7 Global’s earnings and internet belongings for the following 5 years.



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