Notice of demand: Barakah’s pipelay barge Kota Laksamana 101. Barakah’s subsidiary PBJV Group has issued a notice of demand for RM1.02bil to both Petronas and Petronas Carigali Sdn Bhd.
Barakah Offshore Petroleum Bhd
, which recently saw the return of its founder Nik Hamdan Daud to the helm of the loss-making company, shot into the limelight when it made a RM1.02bil compensation demand from Petroliam Nasional Bhd (Petronas) over what it claims to be an unwarranted suspension notice.
It is not often that a local oil and gas outfit take on Petronas – the national oil company.
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