Handal Energy Berhad an integrated services provider to the oil and gas industry, has secured a total of four new Purchase Orders and one contract extension from existing and new customers.
- Its subsidiary, Handal Cranes accepted one-off purchase order for the fabrication of a new crane from PT Meindo Elang Indah, a leading Engineering, Procurement, Construction, and Installation contractor from Indonesia for Pertamina.
- Additionally, a one-year contract extension from PETRONAS Carigali Sdn Bhd for the provision of pipeline isolation, and additional scope for the provision of a riser corrosion prevention system and maintenance. Another one-off PO from Shell for the provision of vendor support for Alternating Current Field Measurement and Equipment & Personnel (ROV Deployable) at one of their facility offshore Sarawak; and
- And finally, a onc-off PO from E&P O&M Services Sdn Bhd for the provision of positive isolation by mechanical plug for one of their clients.
Sunildeep Dhaliwal, Group Managing Director of Handal expressed that after two years into the COVID-19 pandemic crisis, global and domestic economies continue to manage their respective recoveries from the pandemic. In securing new contracts including an extension of existing contracts, will allow Handal to improve its revenue stream and further ease cash flow challenges. At the same token, Handal will continue to look for new deployable technologies including innovative solutions that will benefit and improve client’s life cycle cost, operations and asset integrity management – ACFM technology is one example.
“The respective contract extensions also demonstrate clients’ trust and recognition of Handal’s exceptional services capabilities. We are delighted to further extend this premier partnership with PCSB, a business relationship established in 2016, with an endeavor to deliver the highest standard of service to support PCSB’s operations.”
