The contract was for the engineering, procurement, construction and installation of the single buoy mooring Pipeline Rejuvenation Phase II Project.
Sapura Energy says its subsidiary Sapura Offshore Sdn Bhd has sought advice from its external counsel regarding the contract termination.
In a filing with Bursa Malaysia today, Sapura said the contract was for the engineering, procurement, construction and installation of the single buoy mooring Pipeline Rejuvenation Phase II Project. “SOSB has sought advice from its external counsel and will continue to do so on SOSB’s legal position therein,” the filing added.
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