Business News

Published: Tuesday February 5, 2013 MYT 12:00:00 AM
Updated: Wednesday April 17, 2013 MYT 1:30:24 AM

UMW lands US$140m Sabah Shell project

KUALA LUMPUR: UMW Holdings Bhd has received a letter of award from Sabah Shell Petroleum Company Ltd for a US$140mil contract.

UMW said on Tuesday its unit UMW Petrodril (Malaysia) Sdn Bhd received the letter for the contract to supply a single combo top tension riser for Sabah Shell's Malikai project.

"The contract is expected to contribute positively to the 2013 earnings and net assets of the UMW Group," it said.

Some websites state top tensioned riser systems connect the sub-sea well bore to the floating production vessel. Top tensioned riser pipes are normally in contact with high-pressure production fluids and are subjected to dynamic loads.

Tags / Keywords: News, Business, UMW Holdings Bhd, Sabah Shell Petroleum Company Ltd, combo top tension riser, Business