KUCHING: Perdana Nautika Sdn Bhd (PNSB) has received a work order award with contract value of about RM6 million from Petronas Carigali Sdn Bhd for the charter of one unit of anchor handling tug & supply (ATHS) vessel.
The contract for the wholly-owned subsidiary of Perdana Petroleum Bhd (PPB) had commenced on July 15, 2022 for a duration of up to 90 days.
“PNSB shall provide the AHTS vessel with crews and equipment to perform 24-hour services for assisting and/or servicing drilling rigs, offshore installation, derrick barges, towing and anchor jobs.
“The contract is expected to contribute positively to the earnings and net assets of PPB group for the financial year ending Dec 31, 2022,” PPB said in a filing with Bursa Malaysia.
In a separate filing, PPB said PNSB had on July 1, 2022 also received a work order extension from Petronas Carigali for the provision of one unit of AHTS vessel.
The initial contract started on April 27, 2022 for 15 days, with option to extend up to 14 days. Subsequently, PNSB received the contract extending the duration for another 120 days, to commence on July 4, 2022. The contract is valued at about RM5.6 million.
When releasing its financial results for second quarter ended June 30, 2022 (Q22022) recently, PPB said it had recorded higher vessel utilisation at 47 percent as compared to 38 percent in Q22021. This boosted group revenue to about RM72 million from RM55.4 million during the same period, resulting from improved daily charter rate and work orders/contracts from oil majors in Q22022.
Meanwhile, Sarawak Consolidated Industries Bhd (SCIB) has redesignated its non-executive director Ku Chong Hong, 34, as executive director.
The company has also appointed Mohd Shakir Shahimi and Nuraiman Shaiful Annuar as independent non-executive directors, effective Sept 15, 2022.
Ku, who was appointed to SCIB board of directors as an independent non-executive director on March 17, 2022, has experience in audit and assurance, and business advisory-related fields through various local and international companies involved in a range of industries from property and construction of hardware, SCIB said in a press release.
Currently, Ku is also an executive director of Bintai Kinden Corporation Bhd and non-executive director of Malaysian Genomics Resources Centre Bhd.
Mohd Shakir, a chartered accountant, will replace Ku as chairman and member of the audit committee. He graduated with a degree in accountancy from Universiti Utara Malaysia and is a member of the Malaysian Institute of Accountants. He was an auditor with Arthur Andersen & Co and has experience auditing public-listed and privately-held companies.
Mohd Shakir is currently an audit manager with Khairuddin Hasyudeen & Razi. He is also an independent non-executive director of Bintai Kinden, where he is chairman of the nomination, remuneration and risk management committees as well as member of the audit committee.
Nuraiman has attended the International Bachelor of Business Administration Programme from Hult International Business School, London in 2017. He has experience in the oil & gas as well as construction field. He holds directorships in Hipro Technologies Ltd and Petro Flanges and Fittings Sdn Bhd.
Commenting on the appointments, SCIB group managing director and CEO Rosland Othman said Ku’s insights and knowledge will be invaluable in helping to grow the company.
“We welcome Mohd Shakir and Nuraiman aboard and look forward to their guidance and advice. Their experience and knowledge will be a good addition to the board while enhancing our governance decision-making structure,” he added.
