Global awarded $70 million project in Malaysia

Global Industries has announced that its majority Malaysian-owned affiliate, Global Offshore Malaysia has been awarded a contract for transportation and installation of offshore facilities for projects in Malaysia.

The contract, under which the actual scope of work will be defined annually, is initially estimated at around $70 million for the first year, and has options for two one-year extensions upon the expiry of the contract.

John Clerico, chairman and CEO of Global, said: "This is the first contract we have been awarded in conjunction with our Malaysian partners, Kencana HL and we are very pleased that Petronas has shown such confidence in the Global - Kencana partnership's ability to carry out the significant scope of work involved with this project."

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