KUALA LUMPUR: Icon Offshore Bhd through its unit, Icon Offshore Group Sdn Bhd, secured oil and gas (O&G) related contracts worth RM275 million in cumulative value.
One of the contracts is to provide offshore support vessels to O&G companies to support their production operations in Malaysian waters.
The contract valued at RM169 million was for a primary period of three years with an extension option of up to two years of one year each, it said in a filing to Bursa Malaysia.
The other job worth RM106 million was to provide two platform supply vessels to ExxonMobil Exploration and Production Malaysia Inc for its production operations, the company said.
The contract has two optional extension periods.
Both contracts are expected to contribute positively to the earnings, order book and net assets of Icon Offshore for the financial year ending Dec 31, 2018 and beyond.