KUALA LUMPUR: There has been a 30% reduction in tendering activities for drilling contracts in the upstream oil and gas sector, according to UMW Oil & Gas Corp Bhd (UMW O&G) president Rohaizad Darus.
“The reduction is in local and overseas markets. We cannot be too choosy nowadays due to competition for the same tenders,” he told reporters after the company’s AGM here.
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