Offshore services provider Alam Maritim Resources has clinched two contracts worth RM20.16m ($6.72m) to hire out two vessels.
Malaysia-based Alam Maritim won tenders from Petronas Carigali to provide one accommodation vessel and from a local oil and services firm to provide one unit workboat.
The Petronas Carigali contract is for 138 days with extension options and the second contract is for 30 days without extension options.
“The contracts... are expected to positively contribute to the earnings and net assets of Alam Maritime for the financial year ending 31 December 2011,” Alam Maritim said in a statement.