KUALA LUMPUR: Perdana Petroleum Bhd (PPB), through wholly-owned subsidiary Perdana Nautika Sdn Bhd (PNSB), has accepted a work order award from DESB Marine Services Sdn Bhd valued at RM19.1 million to charter two units of accommodation workboat.
DESB Marine Services is a wholly-owned subsidiary of Dayang Enterprise Holdings Bhd (Dayang), which is PPB's ultimate holding company.
The award entails two contracts that start on Aug 1, comprising a 153-day contract worth an estimated RM13.3 million and a 61-day contract valued at RM5.8 million, the offshore support vessel provider said in a filing with Bursa Malaysia.
"PNSB will provide the accommodation workboat with crews and equipment to perform 24-hour services for assisting and/or servicing drilling rigs, offshore installation, derrick barges, towing and anchor jobs," PPB said.
The vessel charters are part of the strategic alliance between the Dayang and PPB groups whereby the utilisation of Dayang's vessels can be maximised and qualified to bid for more offshore maintenance works, it added.
The company obtained a mandate from the company's shareholders at its annual general meeting held on May 21, 2024, to undertake recurrent related party transactions of up to RM100 million.
The value transacted since then, including the latest vessels charters, is RM40.49 million, said PPB.