Tanjung Offshore wins Carigali Hess contract

Malaysian offshore services player Tanjung Offshore, part of T7 Global, has secured a long-term contract from Carigali Hess to carry out maintenance, construction and modification works offshore Malaysia.

The contract, which kicks in on January 15, has a term of three years, with an option to extend for another two years.

No value was revealed, but T7 Global said in a filing it expects the award to contribute positively to the earnings of its unit.