Serba Dinamik bags 13 O&M contracts

by TMR

Serba Dinamik Holdings Bhd’s wholly-owned subsidiaries have secured 13 operations and maintenance (O&M) contracts. In an exchange filing yesterday, Serba Dinamik noted Serba Dinamik International Ltd has secured four O&M contracts in the Middle East worth an estimated RM512.17 million.
The contracts bagged are from Halul Offshore Services Company W.L.L. in Qatar,  Al-Meer Technical Services Co. in Kuwait, Midad Industrial Services Saudi Arabia in Saudi Arabia and SUMTECH Multiline Trading LLC in UAE.
Meanwhile, Serba Dinamik Sdn Bhd has secured nine O&M contracts in Malaysia. The nine contracts were received from BASF Petronas Chemicals Sdn Bhd, PRPC Utilities and Facilities Sdn Bhd, Sapura Exploration & Production Inc, PS Terminal Sdn Bhd, JX Nippon Oil & Gas Exploration (Malaysia) Ltd, Petronas Chemicals MTBE Sdn Bhd, Petronas Chemicals Ammonia Sdn Bhd, Petronas Carigali Sdn Bhd and Petronas Chemicals Methanol Sdn Bhd.
Serba Dinamik said the local O&M contracts have no specific value as the contracts are on a “call-out” basis whereby the work orders will be awarded at the discretion of the respective clients based on their activities schedules and rates throughout the duration of the contracts.