<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Feb 3): Icon Offshore Bhd has secured a US$13.3 million (RM53.85 million) order to supply a jack-up drilling rig to Petrofac (Malaysia-PM304) Ltd, raising the group’s order book to RM768.8 million.</p></div>

<div class=newsTextDataWrapInner><p>Icon said the award for the provision of the Perisai Pacific 101 rig was received by its newly acquired subsidiary Perisai Offshore Sdn Bhd (POSB).</p></div>

<div class=newsTextDataWrapInner><p>POSB was recently acquired by Icon via the completion of a 51% stake buy from Perisai Petroleum Teknologi Bhd, the group said in a statement.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The stake buy, it said, also included the acquisition of Perisai Pacific 101 and purchase and assignment of intellectual property to operate the rig.</p></div>

<div class=newsTextDataWrapInner><p>Icon said POSB had also received a letter of award from Petrofac for their drilling programme, which is expected to commence in April for a primary period of 180 days with firm eight wells, and with an optional three wells extension.</p></div>

<div class=newsTextDataWrapInner><p>“The award is expected to contribute positively to the earnings, order book and net assets of Icon for the financial year ending Dec 31, 2021,” it said.</p></div>

<div class=newsTextDataWrapInner><p>Icon’s share price closed one sen or 9.52% higher at 11.5 sen, valuing the group at RM306.41 million.</p></div>


Icon Offshore Bhd has secured a US$13.3 million (RM53.85 million) order to supply a jack-up drilling rig to Petrofac (Malaysia-PM304) Ltd, raising the group’s order book to RM768.8 million.

Icon said the award for the provision of the Perisai Pacific 101 rig was received by its newly acquired subsidiary Perisai Offshore Sdn Bhd

Icon Offshore secures RM54m jack-up drilling rig order

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<p>In a note on ...

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