Malaysia’s Ranhill/Petroneeds secure oil, gas contract in Sudan

KUALA LUMPUR, June 8 (AFX-ASIA) — Construction and engineering group Ranhill Bhd said unit Ranhill International Inc and Petroneeds Services International of Sudan have secured an oil and gas contract in Sudan.

In a statement, Ranhill said the contract for the “Melut Basin Oil Development — Upstream Facilities” project was awarded by PetroDar Operating Co Ltd, a co-venture entity that holds the rights for exploration and development in southeast Sudan.

Malaysian national oil corporation Petroliam Nasional Bhd (Petronas) unit Petronas Carigali Overseas Sdn Bhd holds a 40 pct stake in PetroDar.

Ranhill is scheduled to hold a press briefing later this evening to announce details of the contract.