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NauticAWT Undertakes Decommissioning And Abandonment Projects With Enra Group
Daily Bulletin | 22 September 2015
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NauticAWT’s (AWT) indirect subsidiary, AWT International (Asia), has entered into a binding heads of agreement with Enra Group, in connection with a collaboration to undertake well, platform and field abandonment and decommissioning projects in Malaysia.

AWT and Enra will establish a 49:51 special purpose vehicle as the project management vehicle as well as to undertake the provision of related services, equipment and machineries in relations to the projects in Malaysia.

AWT will contribute its operational and technical experience in abandonment and decommissioning projects in Southeast Asia, including Malaysia and Australia while Enra will provide its resources, qualifications, abilities and its business network, contacts or relationships and access to information with respect to the Malaysian projects.

NauticAWT  0.009 -0.004 -30.77%   
Business: Provider of engineered solutions for the oil & gas industry. [FY18 Turnover] Ports & offshore (60.6%), renewables (35.3%), energy & mining (4.1%).

Insight: Mar-19, FY18 revenue slid 15.5% due to decreased r... Read More

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