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Deleum unit bags 5-year contract from Petronas Carigali

KUALA LUMPUR: Deleum Bhd’s wholly owned subsidiary, Deleum Oilfield Services Sdn Bhd, has secured a contract from Petronas Carigali Sdn Bhd for the provision of slickline equipment and services, effective on April 16, 2025.

KUALA LUMPUR: Deleum Bhd's wholly owned subsidiary, Deleum Oilfield Services Sdn Bhd, has secured a contract from Petronas Carigali Sdn Bhd for the provision of slickline equipment and services, effective on April 16, 2025.In a filing with Bursa Malaysia today, the company said the scope of works included in the five-year contract includes manpower, tools, equipment, materials, consumables and other related services."The contract is expected to contribute positively to the revenue, earnings, and net assets of Deleum and its group of companies for the duration of the contract," it said.

The Contract is expected to be funded via internally generated funds and/or external borrowings, according to the filing.-- BERNAMA© New Straits Times Press (M) Bhd.