T7 Global Secures Contract with Hess for Offshore Services
Malaysian offshore services player Tanjung Offshore, a subsidiary of T7 Global, has recently announced a new contract with oil and gas company Hess for the provision of pan-Malaysian offshore maintenance, construction, modification, and hook-up commissioning services.
The contract, known as the B3 Package, marks another milestone for T7 Global in the oil and gas sector. While specific financial details were not disclosed in the Bursa Malaysia filing, the company is set to undertake the project starting from November 2024, with an anticipated completion date of November 10, 2029. Additionally, there is an option for a three-year extension, followed by another two years.
This latest contract with Hess adds to Tanjung Offshore’s portfolio of projects, with the company securing its third deal in January alone. Prior to this agreement, Tanjung Offshore had already announced contracts for maintenance, construction, and modification services on the PM3-CAA oilfield in collaboration with Hibiscus Petroleum and Carigali Hess.
With a strong track record in delivering quality offshore services, T7 Global continues to solidify its position in the industry through strategic partnerships and project wins.