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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Petronas Gas BHD (PK) | USOTC:PNAGF | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.88 | 3.39 | 4.39 | 0.00 | 13:01:01 |
LONDON--International oil and gas services provider Petrofac Ltd. (PFC.LN) said Monday it signed a $120 million agreement with Petronas, the Malaysian National Oil Company, for the operation and management of two high-specification training facilities.
MAIN FACTS:
-Petrofac is currently constructing two upstream plant training facilities, and a downstream facility, which will supplement existing facilities at the Institut Teknologi Petroleum Petronas training academy.
-Under the latest phase of the agreement, Petrofac will undertake the ongoing management and operation of the two upstream facilities, which are capable of training 500 delegates each year, for the next five years with an option to extend for a further two years.
-The agreement follows an earlier MoU
-Shares closed Friday at 1,390 pence valuing the company at GBP4.81 billion.
-Write to Ed Ballard at ed.ballard@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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