Friday 29 Mar 2024
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KUALA LUMPUR (Feb 12):  Barakah Offshore Petroleum Bhd shares rose 4.76% in active trade this morning after it bagged a Farm-In Agreement from IPC Malaysia BV.

At 9.20am, Barakah rose 0.5 sen to 11 sen with 16.44 million shares traded.

The contract is for Barakah to provide maintenance, construction and modification services in the oil & gas fields offshore of Peninsular Malaysia to IPC Malaysia’s client, Pan Malaysia.

The tenure of the contract is from November 2018 to July 2023. The contract value was not stated.

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