PETALING JAYA: UMW Holdings Bhd
expects its maiden acquisition of an onshore oil rig company in Oman to start contributing to earnings by the first half of next year, said president and chief executive officer Datuk Abdul Halim Harun.
“The company, Arabian Drilling Services LLC, is currently manufacturing two land rigs worth US$25mil each in the United States,” he told StarBiz. “They are almost ready now and we are talking to a few parties to secure contracts for the rigs. We hope to see something happening in the coming months.”
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