On Air Now


Listen Live Now » 92.9 FM Lansing, Michigan


Current Conditions(Holt,MI 48842)

More Weather »
55° Feels Like: 55°
Wind: NNE 6 mph Past 24 hrs - Precip: 0”
Current Radar for Zip


Cloudy 57°


Mostly Cloudy 50°


Partly Cloudy 68°


Malaysia's SapuraKencana wins $2.7 billion contract from Petrobras

KUALA LUMPUR (Reuters) - Malaysian oil and gas services company SapuraKencana Petroleum Bhd said on Thursday it had won a $2.7 billion offshore-support-vessel contract from Brazil's state run oil company, Petroleo Brasileiro Petrobas SA.

SapuraKencana said in a stock exchange filing that its unit, Sapura Nevegacao Maritima S.A. Brazil, won the 8-year contract to build, charter and operate three offshore support vessels, with delivery scheduled for the second quarter of 2016.

The vessels will be built outside Brazil, it added.

In November 2011, SapuraKencana won a deal worth $1.4 billion from Petrobras to supply three offshore support vessels.

"Two of those three vessels are being built outside Brazil and revenue from the vessels is expected to be generated by the fourth quarter of 2014," SapuraKencana added.

(Reporting by Siva Sithraputhran; Editing by Jeremy Laurence)