PETALING JAYA: Sumatec Resources Bhd, which is in the midst of acquiring CaspiOilGas LLP (COG), has announced that the latter has awarded US$55mil (RM236.5mil) worth of jobs to Industrial Energy Alliance LLP (IEA) and Pricaspiyskoye Upravleniye Stroitelstva (PUS).
In a filing with Bursa Malaysia, the oil and gas outfit said COG has completed the open tendering exercise and awarded four contracts for the rejuvenation of 12 wells and the construction of six deep exploratory wells to IEA. The company has also awarded a contract to PUS for the reconstruction of a central processing facility and surface facilities.
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