Malaysian contractor takes action against operator

October 1, 2021

I see I know the poster boy in the article.

Dateline 2021-09-13, Upstream:

Malaysia’s Barakah Offshore Petroleum said it has lodged an adjudication claim against UK-based operator EnQuest Petroleum’s Malaysian subsidiary relating to offshore works.

Barakah said the claim by its wholly-owned subsidiary PBJV Group amounts to 73.6 million ringgit (US$17.7 million).

It relates to work done by PBJV pursuant to a letter of award dated 13 July 2018 and signed on 16 July 2018 whereby PBJV was engaged by EnQuest for the provision of the Pan Malaysia Maintenance, Construction and Modification (PM-MCM) contract bearing contract no: EN17051.


Eye on stock – Barakah Offshore

February 11, 2014

Dateline 2013-12-14, The Star:

AN oil and gas stock which has got the market all excited since its debut on Nov 6 would be Barakah Offshore Petroleum Bhd. Not only has its stock price done well (it’s up 2.4 times to RM1.56 from its offer price of 65 sen), but it has also won a Petroliam Nasional Bhd (Petronas) contract less than two months after its listing.

While trading in Barakah remains suspended as at press time, the stock will likely see further action when trading reopens.