Crest pipeline contract

Malaysian oil and gas services firm Crest Petroleum Bhd has won a USD 79 million contract to instal offshore pipelines for state oil company Petroliam Nasional Bhd (Petronas). Crest Petroleum said its wholly-owned unit TL Offshore Sdn Bhd was awarded a contract from Petronas to instal 40km of pipelines offshore Sarawak state in east Malaysia. The contract is for a period of two years.

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