Malaysia-listed oil and gas company Daya Materials’ subsidiary Daya OCI has secured a EUR17.7 million (USD19.9 million) subcontract from Axima Concept of France.
Under the subcontract, equipment supplier Daya OCI will provide marine heating, ventilation, and air-conditioning equipment and services for six Royal Malaysian Navy vessels.
Axima is a subsidiary of energy company Engie (formerly known as GDF Suez). The contract for the six vessels, based at Lumut, Malaysia, is effective from 2015 to 2021.
According to a Daya stock exchange filing with Bursa Malaysia, the subcontract will supersede a consortium agreement made with Axima in April 2012. This committed both parties to co-operate on an exclusive basis in order to participate in tenders in Malaysia within the marine and oil and gas sectors.
A year later in April 2013, both parties entered a consortium agreement for the purpose of submitting an offer for the Malaysia-based Boustead Naval Shipyard’s littoral combat ship project.
French connection brings navy work for Malaysia’s Daya