KUALA LUMPUR: DAYANG ENTERPRISE HOLDINGS BHD [] is teaming up with Brunei's Alphaone Engineering Sdn Bhd to seek oil and gas projects in the oil-rich sultanate.
Dayang said on Friday, Jan 15 it had inked a JV agreement with Alphaone to cooperate in the preparation of technical and commercial proposals and project execution of projects in the O&G sector in Brunei.
"This joint venture provides an opportunity for Dayang to venture into the overseas market in its effort to reinforce its competitive edge in the O&G industry," it said.
Alphaone's core business is trading in oil field and mining equipment, pipelines, communication equipment for the industry.
Dayang and Alphaone will each hold a 50% stake in the JV company.
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