PETALING JAYA, Enra Group Bhd has secured a significant contract from PETRONAS Carigali Sdn Bhd (PCSB) for the Terengganu Crude Oil Terminal project, strengthening its presence in Malaysia’s oil and gas (O&G) sector.
In a filing with Bursa Malaysia, the company said the contract covers a wide scope of services, including engineering, procurement, construction, removal, installation and commissioning works related to the Catenary Anchor Leg Mooring (CALM) system at the terminal.
The contract, awarded via a letter of award dated Aug 7, officially commenced on the same date and will run for a duration of 90 weeks, with provisions for earlier completion should the works progress ahead of schedule.
Enra emphasised that the project will not affect the company’s issued share capital or alter the shareholding structure of its substantial shareholders.
“Nonetheless, the contract is anticipated to contribute positively to the group’s earnings and enhance net assets per share once work is underway,” it said.
Industry observers view the award as a strategic win for Enra, further cementing its reputation as a capable solutions provider in the O&G sector. With the Terengganu terminal serving as a critical hub in the nation’s crude oil infrastructure, the project is expected to provide Enra with both operational and financial upside.
The group added that the successful execution of the contract could pave the way for more collaborative opportunities with PCSB and other industry players in the future.
