PETALING JAYA: In an effort to expand its assets portfolio, UMW Oil & Gas Corp Bhd (UMW-OG) has announced the acquisition of two more jack-up rigs worth US$434mil (RM1.44bil).
The purchase of the two jack-up rigs from Tianjin Haiheng & Offshore Engineering Service Co Ltd came a week after the announcement of its acquisition of its sixth jack-up rig from Singapore’s Keppel FELS.
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