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Technics Oil and Gas consortium bags $166m contract to set up gas facility

Published on May 14, 2014 11:04 AM

SINGAPORE - Technics Oil and Gas and its Middle East partner have received a letter of award to set up a $166 million gas processing facility in South Asia.

The mainboard-listed firm said on Wednesday that the contract includes two years of operations and maintenance for the facility.

The contract is not expected to have positive material impact on the earnings per share for the financial year ending September 2014, the firm said.

It holds a 70 per cent stake in the consortium while its partner holds the remaining 30 per cent.

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