Dayang lands Petronas Carigali contracts

Malaysia’s Dayang Enterprise has secured two contracts from Petronas Carigali for the provision of pan-Malaysia offshore maintenance, construction, modification, and hook-up services.

Both contracts have been firmed up for five years, with extension options attached that could see the deals lasting by up to 10 years, the parent company said in a stock exchange filing.

Potential value was not disclosed as the contracts will be based on call-out work orders. However, Public Investment Bank Berhad told investors it estimates both five-year contracts at about RM3bn ($675m).

Earlier this month, Dayang also landed a similar services deal with Shell, estimated at $225m for the first five years.