PJBumi Bhd and its wholly-owned subsidiary, PJBumi Heavy Engineering & Services Sdn Bhd (PJBumihes), have today formalised a teaming agreement with Nutra Rich Energy Sdn Bhd (NRESB) to facilitate joint efforts in the oil and gas sector within Malaysia and Indonesia.
The agreement outlines roles, responsibilities, and specific scopes of work for each party, emphasising a cooperative approach to project bidding and execution.
The collaboration is set to be effective from January 26, 2024, with no financial impact expected for the collaboration's fiscal year ending December 31, 2024.
PJBumihes specialises in providing technical services across the oil and gas, petrochemical, and telecommunication sectors, while NRESB brings expertise in subsea activities, offering offshore assets and technical proficiency in oil and gas exploration.