UMW Oil & Gas unit UMW
Petrodril Sdn Bhd (UPD), has won a MYR148m ($45.2m) contract for the provision
of a hydraulic workover rig from Petronas Carigali, it said in a stock market
announcement.
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The contract, for an
initial two-year period with one-year optional extension, is to provide the rig
for Petronas Carigali's workover programme together with an accommodation work
barge and a portable crane.
"The provision of the hydraulic workover unit (HWU) is expected to contribute positively to the earnings and net assets of the group for the financial year ending 31 December 2014," UMW Oil & Gas said.
"The provision of the hydraulic workover unit (HWU) is expected to contribute positively to the earnings and net assets of the group for the financial year ending 31 December 2014," UMW Oil & Gas said.
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