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    Dayang wins contract extension

    Company News // March 2, 2012

    Dayang Enterprise Holdings Bhd’s wholly owned subsidiary DESB Marine Services Sdn Bhd has obtained a contract extension worth RM85 million for the time charter of its vessel Dayang Zamrud for well reservoir management duties. The contract was awarded by Brunei Shell Petroleum Co Sdn Bhd and started on March 1st. The contract runs to October 31st 2016.

    “The contract extension is expected to contribute positively to the earnings and net assets of Dayang group for the financial year ending Dec 31, 2012 and subsequent financial periods within the duration of the extension,” Dayang said.

     

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