Uzma bags two contracts from Petronas Carigali

PETALING JAYA: Uzma Bhd’s wholly owned subsidiary Uzma Engineering Sdn Bhd was awarded two contracts by Petronas Carigali for an undisclosed contract sum.

Uzma’s board of directors said in a Bursa filing, it received a letter of award from Petronas on December 28, 2017 for the provision of 340K and 460K Hydraulic Workover Unit for a period of three years, commencing December 22.

In addition to that, it has also secured another contract for the provision of the Hydraulic Workover Unit (HWU) – “Ghazi 461 via a letter of award received on December 22, 2017.

The contract is slated to begin on December 28, 2017 and run until the completion of three firm wells.

Uzma’s shares fell 0.66% to close at RM1.50 with some 1.18 million shares done.

Source: The Sun Daily

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