Oil and gas services company Alam Maritim Resources Bhd (KL:ALAM) has secured a RM29 million contract to provide free-span rectification works for a gas pipeline.

The contract, awarded by Vestigo Petroleum Sdn Bhd, covers the 60km Tembikai Non-Associated Gas pipeline offshore Terengganu, according to a bourse filing on Thursday.

Free-span refers to unsupported sections of the pipeline. The rectification works are expected to be completed within six months.

Alam Maritim and Vestigo were previously embroiled in a legal battle over unpaid work under a 2019 contract for the Tembikai gas development project.

The case came to an end in April last year, after Vestigo agreed to drop its suit challenging a RM52.79 million adjudication award granted to Alam Maritim.

Shares in Alam Maritim ended one sen or 3.08% lower at 31.5 sen, valuing the company at RM138.16 million.

Source: Theedgemalaysia