KUALA LUMPUR (July 17): Perdana Petroleum Bhd has secured a vessel chartering contract from its major shareholder Dayang Enterprise Holdings Bhd, worth an estimated RM6.5 million.

Under the contract, it will be chartering an accommodation workbarge (AWB) and an anchor handling tug (AHT) vessel for Dayang.

Its wholly owned Perdana Nautika Sdn Bhd accepted the letter of award from Dayang's unit on July 14. "PNSB shall provide the AWB and AHT vessels with crews and equipment to perform 24-hour services for offshore related project," Perdana Petroleum said in a stock exchange filing today.

The job is expected to start from the issuance of the on-hire certificate in August this year, and will last for 60 days, with any extension of the charter period to be mutually agreed on.

Perdana Petroleum said the new job is part of its strategic alliance with Dayang where the utilisation of its vessels can be maximised and qualified to bid for more offshore maintenance works.

At 3pm, shares of Perdana Petroleum stood unchanged at 17 sen, valuing the company at RM376.01 million, after some 7.01 million shares were transacted.  

Year-to-date, the stock has declined 56.96% from 39.5 sen.