This article first appeared in The Edge Financial Daily on April 19, 2018

KUALA LUMPUR: Oil and gas service provider T7 Global Bhd has bagged three contracts worth a combined value of RM63 million.

In a filing with Bursa Malaysia yesterday, T7 said its indirect wholly-owned subsidiary Wenmax Sdn Bhd had on Jan 15 received a letter of award from Murphy Sarawak Oil Co Ltd for a contract to provide maintenance services, spare parts and consumables for Gastec nitrogen generator for Murphy Production Operations.

The contract is from Jan 15 until the completion of the contract which is expected to end on Jan 14, 2021, with an option to extend for an additional one year.

Another of T7's wholly-owned unit T7 Marine Sdn Bhd, meanwhile, on Tuesday received a letter of award from Marine Crest Technology Sdn Bhd for one-off upgrading works of combat management system for Royal Malaysian Navy’s vessel, which is expected to complete in August 2019.

Additionally, T7's wholly-owned subsidiary Tanjung Offshore Services Sdn Bhd on Tuesday received a contract from CP Energy & Services Sdn Bhd, a company related to T7 directors — Tan Sri Tan Kean Soon and his son Tan Kay Vin, for the supply of equipment and upgrading works for six months from April 17 to Oct 16.

“We will keep the momentum and pursue for more jobs in the future to create higher value for our shareholders,” said Kean Soon, who is T7 executive deputy chairman, in a separate statement.