KUALA LUMPUR (Sept 28): Icon Offshore Bhd said its subsidiary has secured a contract extension for the provision of its jack-up drilling rig involving works for four wells. This is an extension of the earlier contract for eight wells secured by the subsidiary, Perisai Offshore Sdn Bhd, in December 2020 from Petrofac Ltd, it said in a bourse filing. The extension is expected to commence in October for a four-month period, Icon said. With this award, the group’s order book will increase to RM770 million, Icon said, but did not provide the extension’s contract sum. Perisai Offshore, the holding company for the Perisai Pacific 101 drilling rig, is a 51%-owned subsidiary of Icon.

by Adam Aziz/theedgemarkets.com