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Malaysian offshore services provider Alam Maritim Resources announced Friday that its joint controlled entity, Alam Swiber Offshore (ASO), has recently signed an agreement with Geoproduction Sdn. Bhd. and Malaysia Marine And Heavy Engineering (MMHE) to cooperate and undertake the performance of the contract for engineering, procurement, construction, installation and commissioning in Malaysian waters.

The $76 million contract, which takes effect immediately, includes optional scope undertaken by ASO.

“The contract is expected to positively contribute to the earnings and net assets of the Company for the financial year ending Dec. 31, 2015,” Alam Maritim said in an announcement.