The group
PETALING JAYA: The board of UMW Oil & Gas Corp Bhd (UMW-OG) is expected to decide today the proposed acquisition of Icon Offshore Bhd
and Orkim Sdn Bhd amid differing opinions on the valuations of the two assets.
The group’s board is also expected to weigh in on whether the assets that are on the table would be able to secure enough contracts from national oil company Petroliam Nasional Bhd (Petronas) to ensure its high utilisation.
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