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Byline: Kamarul Yunus
DELEUM Bhd, an oil and gas service provider, is bidding for contracts worth between RM300 million and RM400 million this year.
Of these, 50-60 per cent involves existing contracts and the rest will be new, managing director Chandran Aloysius said.
"The company has projects worth over RM1 billion that will keep us busy up to 2016," he told reporters after Deleum's annual general meeting (AGM) in Kuala Lumpur yesterday.
Aloysius said services contracts are normally recurring, which means when the contract period expires, it will come up for tender again.
He said the company hopes to maintain revenue and net …