Deleum Berhad announced that it has clinched a contract from ExxonMobil for the provision of Slickline Equipment and Services in Malaysia.
The group’s wholly-owned subsidiary Deleum Oilfield Services was awarded the contract for a period of 4 years, commencing mid-March 2023.
Rao Abdullah, Group Chief Executive Officer of Deleum Berhad said:“Deleum is off to a good start with this contract from an oil major, which is in line with our objective to secure more high value projects this year. We are honoured to have successfully won the tender to provide our Slickline services as a contractor for the oil major’s oilfields in the region.
The winning of this highly competitive tender as an incumbent demonstrates their confidence in the Group’s strong track record and ability to provide high-quality oilfield services in the production and drilling sector in the O&G industry, allowing Deleum to maintain its leadership position as an oil and gas services provider in Malaysia.
Moving forward, we are constantly looking for ways to strengthen our business and plans to expand our presence locally as well as internationally.” The new win from this oil major will further strengthen the Group’s orderbook, while also improving the financial contributions of the Group’s Oilfield Services (OS) segment. The OS segment returned to profitability in the financial year ended 2022, earning a marginal profit before tax of RM0.3 million on revenue of RM119.3 million
