Sources say Dayang Enterprise Holdings Bhd is believed to be in the forefront to
clinch a sizeable job from the estimated RM2 billion worth of topside maintenance service contracts that Petroliam Nasional Bhd (Petronas) is expected to dish out in the next three to six months.
DEHB, which specialises in the maintenance of oil production platform, currently has an order book of RM952 million. The new job will give a boost to its order book.
DEHB along with Kencana Petroleum Bhd, Shapadu Energy and Engineering Sdn Bhd, and Petra Energy Bhd were short-listed for Petronas’ hook-up and commissioning (HUC) umbrella contracts or tender. This means that the HUC jobs from Petronas are likely to be shared only among few players.
Petronas has made known that it has allocated capital expenditure of RM26 billion for the exploration and development activities locally in 2010 and beyond. This implies more contracts for the local oil & gas players.
Dayang posted a net profit of RM27.4 million or 7.79 sen per share for 1HFY10 ended June 30 versus RM27.3 million or 7.76 sen. Revenue was lower at RM99.5 million versus RM108.3 million.
Nonetheless, the company saw a big dip in earnings in FY09 ended Dec 31. Its net profit shrank 39% to RM43.5 million from RM71.4 million despite a higher revenue of RM196.9 million against RM180.1 million the year before.
DEHB, which specialises in the maintenance of oil production platform, currently has an order book of RM952 million. The new job will give a boost to its order book.
DEHB along with Kencana Petroleum Bhd, Shapadu Energy and Engineering Sdn Bhd, and Petra Energy Bhd were short-listed for Petronas’ hook-up and commissioning (HUC) umbrella contracts or tender. This means that the HUC jobs from Petronas are likely to be shared only among few players.
Petronas has made known that it has allocated capital expenditure of RM26 billion for the exploration and development activities locally in 2010 and beyond. This implies more contracts for the local oil & gas players.
Dayang posted a net profit of RM27.4 million or 7.79 sen per share for 1HFY10 ended June 30 versus RM27.3 million or 7.76 sen. Revenue was lower at RM99.5 million versus RM108.3 million.
Nonetheless, the company saw a big dip in earnings in FY09 ended Dec 31. Its net profit shrank 39% to RM43.5 million from RM71.4 million despite a higher revenue of RM196.9 million against RM180.1 million the year before.
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