UMW's semi-submersible drilling rig, Naga 1 (for CR coffeetable book)
KUALA LUMPUR: UMW Oil & Gas Corp Bhd’s (UMW-OG) has clarified that the value of two contracts awarded to its subsidiary, UMW Offshore Drilling Sdn Bhd, announced this month is worth about RM32.9mil.
In a filing with Bursa Malaysia on Friday, the company said the contracts were for the provision of drilling rig services for Vestigo Petroleum Sdn Bhd (about RM8.9mil) and Petrofac (Malaysia-PM304) Ltd (about RM24mil).
The contract from Vestigo was announced to Bursa Malaysia on March 10 while Petrofac’s contract was reported on March 14. However, the value of both contracts were not disclosed in the previous filings. - Bernama
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