<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 4): Kejuteraan Samudra Timur Bhd (KSTB) has been awarded two contracts, one each for the provision of tubular handling and running services for offshore and onshore drilling campaigns.
</p></div><div class=newsTextDataWrapInner><p>In an announcement to Bursa, KSTB said the contract from PC Myanmar (Hong Kong) Ltd (PCML) is for the provision of tubular handling and running services for offshore drilling campaign, while the contract from Petronas Carigali Myanmar Inc (PCMI) catered for similar services but for onshore instead.</p></div>
<div class=newsTextDataWrapInner><p>The contract will be for a primary period of three years, it added.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>
<div class=newsTextDataWrapInner><p>“The contract is not expected to have a material effect on the net assets and gearing of KSTB for the financial year ending June 30, 2014,” it said.</p></div>
<div class=newsTextDataWrapInner><p>KTSB however, said the contract is expected to contribute positively to the earnings and earnings per share of the group for the current financial year ending <span><span><span><span>June 30, 2014</span></span></span></span> and in the future.</p></div>
<div class=newsTextDataWrapInner><p>There is no indication on the value of the contract awarded by both PCML<span> </span>and PCMI, as the value for such services depends on the demand and activities level of both companies as well as upon services rendered by KSTB during the duration of the contract, it noted.</p></div><div class=newsTextDataWrapInner><p><br /></p></div>

KUALA LUMPUR (Oct 4): Kejuteraan Samudra Timur Bhd (KSTB) has been awarded two contracts, one each for the provision of tubular handling and running services for offshore and onshore drilling campaigns.
In an announcement to Bursa, KSTB said the contract from PC Myanmar (Hong Kong) Ltd (PCML) is for the provision of tubular handling and running services for offshore drilling campaign, while the contract from Petronas Carigali Myanmar Inc (PCMI) catered for similar services but for onshore instead.
The contract will be for a primary period of three years, it added.
“The contract is not expected to have a material effect on the net assets and gearing of KSTB for the financial year ending June 30, 2014,” it said.
KTSB however, said the contract is expected to contribute positively to the earnings and earnings per share of the group for the current financial year ending June 30, 2014 and in the future.
There is no indication on the value of the contract awarded by both PCML and PCMI, as the value for such services depends on the demand and activities level of both companies as well as upon services rendered by KSTB during the duration of the contract, it noted.

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