Scomi Energy Services bags $41.6m Indonesian contract

Malaysia?s Scomi Energy Services Bhd (SESB) has secured a one-year US$41.6 million contract from Total E&P Indonesie (TEPI) for the provision of drilling fluids and completions services, a report said Saturday.

The contract is an extension of a previous three-year award which was signed with TEPI in 2012, Scomi said in a statement as reported by Bernama.

"We are pleased to continue working with TEPI and this contract is a huge vote of confidence by TEPI on our capability. This win is the result of our continuous active bidding despite the global slowdown in drilling activities," said Chief Financial Officer, Ramesh Veetikat Ramachandran.

Indonesia has been SESB's top performing market in recent years.

For the quarter ended September 2015, it contributed over 24 percent of the company's total revenue of RM294.4 million, Bernama said.

Thailand, Myanmar and Vietnam's combined revenue contribution was 18 percent followed by Malaysia at 13 percent.(*)