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OTHERS PERDANA PETROLEUM BERHAD
WORK ORDER AWARDS FOR THE PROVISION OF TWO (2) UNITS OF ANCHOR HANDLING TUG AND SUPPLY ("AHTS") VESSELS FOR PETRONAS CARIGALI SDN BHD
PERDANA PETROLEUM BERHAD
Type
Announcement
Subject
OTHERS
Description
PERDANA PETROLEUM BERHAD
WORK ORDER AWARDS FOR THE PROVISION OF TWO (2) UNITS OF ANCHOR HANDLING TUG AND SUPPLY ("AHTS") VESSELS FOR PETRONAS CARIGALI SDN BHD
INTRODUCTION
The Board of Directors of Perdana Petroleum Berhad ("PPB" or the "Company") is pleased to announce that its wholly-owned subsidiary, Perdana Nautika Sdn Bhd ("PNSB") has received two work order awards ("Contracts") from PETRONAS Carigali Sdn Bhd ("PCSB") on 8 April 2026 for the provision of two (2) units of AHTS vessels ("Vessels").
DETAILS OF THE CONTRACTS
Vessels
AHTS 1
AHTS 2
Proposed Commencement Date
on the Vessels' on-hire certificate date
Proposed Duration
("Charter Period")
303 days with an option to extend for another 40 days
224 days with an option to extend for another 40 days
Estimated Value of the Vessels Charter
The estimated contract value cannot be determined at this time, as it will vary based on the work orders issued by Charterer throughout the duration of the Contracts.
PNSB shall provide the Vessels with crew and equipment to perform a continuous twenty-four (24) hours service for the purpose of assisting and/or servicing drilling rigs, offshore installations, derrick barges, towing and anchor job.
FINANCIAL EFFECTS
The Contracts are expected to contribute positively to the earnings and net assets of PPB Group for the financial year ending 31 December 2026 and 2027 (without the extension period).
The Contracts will not have any effect on the share capital and shareholding structure of PPB.
RISK FACTORS
The risks associated with the Contracts are normal operational risks which can be mitigated through PPB Group's system of project management and internal business controls.
DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS
None of the Directors and/or major shareholders or persons connected to them have any direct or indirect interest in the Contracts.
DIRECTORS' STATEMENT
The Board of Directors of PPB is of the opinion that the acceptance and execution of the Contracts is in the best interest of PPB.
The Contracts are not subject to the approval of the shareholders of the Company or any regulatory authorities. However, the approval of the Charterer to release this announcement is required and the Company has on 16 April 2026 obtained the Charterer's approval to release the same.