The TH Heavy Engineering Berhad announced that the amount owing by Murphy Sarawak Oil Company Ltd. to THHE Fabricators Sdn. Bhd. (“THF”), the wholly-owned subsidiary of the company as at 31 December 2019, is approximately MYR 38 million and the settlement amount agreed between both parties through the Settlement Agreement is approximately MYR 16 million. This settlement allowed both parties to look forward to a better future business relationship and to end the long outstanding dispute with PTTEP.