Enra secures contract worth US$4.4m from Gulf Petroleum Myanmar

Enra secures contract worth US$4.4m from Gulf Petroleum Myanmar
-A +A

KUALA LUMPUR (Sept 1): Enra Group Bhd has secured a contract worth US$4.39 million for the provision of condensate storage, offloading facilities and services for Yetagun offshore operations in Myanmar.

In a bourse filing, Enra said its subsidiary ENRA SPM Sdn Bhd had on Thursday (Sept 1) accepted a letter of award from Gulf Petroleum Myanmar.

The contract is effective Aug 30, and the charter period will be effective upon commissioning of the system and shall continue for a period of six months, said Enra.

It said the contract is expected to contribute positively to the group’s earnings and net assets per share for the financial year ending March 31, 2023.

Enra’s share price settled down one sen or 1.41% at 70 sen on Thursday (Sept 1), valuing the group at RM95.35 million.

S Kanagaraju